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answer C please Butterfly Tractors had $14 million in sales last year Cost of goods sold was $800 million, depreciation expense was $2 million, interest
answer C please
Butterfly Tractors had $14 million in sales last year Cost of goods sold was $800 million, depreciation expense was $2 million, interest payment on outstanding debt was $1 million, and the firm's tax rate was 35% a. What was the firm's net income? (Enter your answers in millions rounded to 2 decimal places.) Answer is complete and correct. Net income $ 1.95 million b. What was the firm's cash flow? (Enter your answers in millions rounded to 2 decimal places.) Answer is complete and correct. Net cash flow $ 3.95 million c. What would happen to net income and cash flow if depreciation were increased by $1 million? (Enter your numeric answers in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance.) Answer is complete but not entirely correct. by $ Net income would be Cash flow would be decreased increased 1.30 X million 430 % million by $Step by Step Solution
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