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5 2.5 points During the year, Belyk Paving Co. had sales of $2,320,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were
5 2.5 points During the year, Belyk Paving Co. had sales of $2,320,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,300,000, $565,000, and $429,000, respectively. In addition, the company had an interest expense of $254,000 and a tax rate of 23 percent. (Ignore any tax loss or carryforward provision and assume interest expense is fully deductible.) a. What is the company's net income? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. What is its operating cash flow? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) 8 00:42:42 eBook References a. Net income b. Operating cash flow 6 Rotweiler Obedience School's December 31, 2018, balance sheet showed net fixed assets of $1,795,000, and the December 31, 2019, balance sheet showed net fixed assets of $2,180,000. The company's 2019 income statement showed a depreciation expense of $335,000. 2.5 points 8 00:42:07 What was the company's net capital spending for 2019? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) eBook Net capital spending Hint References
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