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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 firms tax rate was 21%. What was the firms net income? Note: Enter your answer in millions rounded to 2 decimal places. What was the firms cash flow? Note: Enter your answer in millions rounded to 2 decimal places. What would happen to net income and cash
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