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During the year, Belyk Paving Co. had sales of $2,389,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,436,000, $436,100, and
During the year, Belyk Paving Co. had sales of $2,389,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,436,000, $436,100, and $491,100, respectively. In addition, the company had an interest expense of $216,100 and a tax rate of 40 percent. (Ignore any tax loss carryback or carryforward provisions.) a. What is the company's net income? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net income 580300 b. What is it's operating cash flow? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Operating cash flow
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