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3 min During 2010, Raines Umbrella Corp. had sales of $900,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $575,000, $125,000,
3 min During 2010, Raines Umbrella Corp. had sales of $900,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $575,000, $125,000, and $145,000, respectively. In addition, the company had an interest expense of $70,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.) net income? and operating cash flow?
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