The Tokyo exchange is the number one choice of firms looking to gain liquidity by cross-listing their equity securities

Increasingly, purchasing is becoming more involved with expediting and inventory control

a. True b. False Indicate whether the statement is true or false

The Ragin Cajun had an operating income (EBIT) of $260,000 last year. The firm had $18,000 in depreciation expenses, $15,000 in interest expenses, and $60,000 in selling, general, and administrative expenses. If the Cajun has a marginal tax rate of 40 percent, what was its cash flow from operating activities last year?

A) $165,000 B) $230,000 C) $132,000 D) $162,000