Question
During the year, Belyk Paving Co. had sales of $2,391,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,434,000, $435,900, and
During the year, Belyk Paving Co. had sales of $2,391,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,434,000, $435,900, and $490,900, respectively. In addition, the company had an interest expense of $215,900 and a tax rate of 40 percent. (Ignore any tax loss carryback or carryforward provisions.)
a.What is the companys 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 $
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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