Multiple Choice
ABC Corporation has the following information for the year:\begin{align*}\text{Net Sales} &= \$500,000 \\\text{Cost of Goods Sold} &= \$300,000 \\\text{Operating Expenses} &= \$100,000 \\\text{Depreciation Expense} &= \$20,000 \\\text{Interest Expense} &= \$10,000 \\\text{Income Tax Rate} &= 30\% \end{align*}What is the operating cash flow for ABC Corporation?
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