Question
American Inc. had gross sales of $925,000. The cost of goods sold and selling expenses were $490,00 and $220, 000 respectively. International also had notes
American Inc. had gross sales of $925,000. The cost of goods sold and selling expenses were $490,00 and $220, 000 respectively. International also had notes payable with an interest of 4%. Depreciation was $120,000. The tax rate at the time was 21%.
- What is the companys net income? Show work and briefly discuss.
b. What is the company's operating cash flow? Show work and briefly discuss.
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The Essential Credit Repair Handbook
Authors: Deborah McNaughton
1st Edition
160163160X, 978-1601631602
