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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