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Butterfloy Tractors had 1 4 million in sales last year. Cost of goods sold was 8 million, depreciation expense was 2 million, interest payment on
Butterfloy Tractors had million in sales last year. Cost of goods sold was million, depreciation expense was million, interest payment on outstanding debt was million and tax rate was
a What is net income?
b What is cash flow?
c What happens to net income and cash flow if depreciation increases million?
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