What is ship-to shore after-tax cash flow for last year

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Ship-to-Shore earned $280,000 after taxes last year. Its expenses included depreciation of $55,000, interest expenses of $40,000 and deferred taxes of $20,000. The company also purchased two new fresh water fishing boats for $40,000 ($20,000) each. What is Ship-to Shore's after-tax cash flow for last year?

a. $395,000
b. $355,000
c. $315,000
d. $280,000

 

Reference no: EM13286956

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