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Butterfly Tractors had $16.50 million in sales last year. Cost of goods sold was $8.50 million, depreciation expense wes $2.50 million, interest payment on outstanding
Butterfly Tractors had $16.50 million in sales last year. Cost of goods sold was $8.50 million, depreciation expense wes $2.50 million, interest payment on outstanding debt was $1.50million, and the firm's tax rate was 30%. a. What was the firm's net income? (Enter your answers in millions rounded to 2 decimal places.) Net income million b. What was the firm's cash flow? (Enter your answers in millions rounded to 2 decimal places.) Net cash flow million c. What would happen to net income and cash flow if depreciation were incressed by $1.50 million? (Enter your numeric answers in millions rounded to 2 decimal places. Select "unaffected" If the results do not affect the balance.) by Net income would be Cash flow would be decreased increased million million by f. Whet would be the impact on cash flow if depreciation was $1.50 million and interest expense wes $2.50 million? (Enter your numeric answer in millions rounded to 2 decimal places. Select "unaffected" If the results do not affect the balance.) Cash flow would be decreased bay million
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