Apex Printing, Inc. is a private, domestic United States printer of periodicals, newspaper inserts, and advertising materials that accompany distributions of Sunday and weekday circulations of large metropolitan newspapers.
As the new vice president (VP) of finance, you report to the chief financial officer (CFO).
In this capacity, your responsibilities include the assessment of new business investment opportunities to grow Apex's expansion endeavors in a challenging market.
Use the following formula to calculate the operating cash flow for Apex:
EBIT + Depreciation - Interest
EBIT: $500,000
Depreciation: $180,000
Interest: $10,000
a. $670,000
b. $321,000
c. $570,000
d. $200,000