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1a. Andre's Bakery has sales of $687,000 with costs of $492,000. Interest expense is $26,000 and depreciation is $42,000. The tax rate is 21 percent.
1a. Andre's Bakery has sales of $687,000 with costs of $492,000. Interest expense is $26,000 and depreciation is $42,000. The tax rate is 21 percent. What is the net income?
1b. Washington, Inc. has sales of $45,000, costs of $25,400, depreciation expense of $1,900, and interest expense of $1,600.
If the tax rate is 21%, what is the operating cash, or OCF?
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