The following information was extracted from the accounting records for the first year of the firm's Explicit forecast period:
Gross profit: R440,000
Other operating expenses: (R61,000)
Depreciation expense: (R280,000)
Net profit after tax: R288,480
The following were non-operating items:
Interest income: R20,000
Dividend income: R30,000
Finance costs: R40,000
Company tax rate: 28%
Calculate the Gross Operating cash flow to the firm using EBITABNOI. Please show workings.
A. R552,880
B. R480,550
C. R585,400
D. R529,880