1. ABC company had net income of $300,000. Operating expenses were $500,000 before including depreciation of $120,000. The tax rate was 40% and AC has no debt. -What were Sales? -What is Net Cash Flow? 1. ABC company had net income of $300,000. Operating expenses were $500,000 before including depreciation of $120,000. The tax rate was 40% and AC has no debt. -What were Sales? -What is Net Cash Flow