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Butterfly Tractors had $17.50 million in sales last year. Cost of goods sold was $8.70 million, depreciation expense was $2.70 million, Interest payment on outstanding
Butterfly Tractors had $17.50 million in sales last year. Cost of goods sold was $8.70 million, depreciation expense was $2.70 million, Interest payment on outstanding debt was $1.70 million, and the firm's tax rate was 21%. a. What was the firm's net Income? (Enter your answers in millions rounded to 2 decimal places.) b. What was the firm's cash flow? (Enter your answers in millions rounded to 2 decimal places.) c. What would happen to net Income and cash flow If depreciation were increased by $1.70 million? (Enter your numeric answers in millions rounded 2 decimal places. Select "unaffected" if the results do not affect the balance.) f. What would be the Impact on cash flow If depreciation was $1.70 million and Interest expense was $2.70 million? (Enter your numeric answer in millions rounded to 2 decimal places. Select "unaffected" If the results do not affect the balance.) * Answer is not complete. a Net income b Net cash flow c. Net income would be Cash flow would be Cash flow would be 3.476.000 million million by by by million million f million
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