Nimitz Rental Company provided the following information to its auditors. For th

Question

Nimitz Rental Company provided the following information to its auditors. For the year ended March 31, 2011, the company had revenues of $906,367, general and administrative expenses of $433,379, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78,122. If the company's tax rate is 34 percent. What is the cash flow for Nimitz Rental? (Round intermediate calculations and final answer to the nearest whole dollar, e.g. 5,275.)

what is Cash flow from operation i?

Explanation / Answer

A. revenues of $906,367
B. general and administrative expenses of $433,379,
C.depreciation expenses of $131,455,
D. leasing expenses of $108,195,
E. interest expenses equal to $78,122.
F. Net Income Before Tax: A - (B+C+D+E) = 155,216
G.Tax : 34% of 155,216= 52,773
H. Net Profit = F-G = 1,02,442

G.Cash Flow From Operation = H+C = 2,33,897

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