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During the year, Belyk Paving Co. had sales of $2,400,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,425,000, $435,000, and
During the year, Belyk Paving Co. had sales of $2,400,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,425,000, $435,000, and $490,000, respectively. In addition, the company had an interest expense of $215,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.)
What is Belyks net income? (Do not include the dollar sign ($). Negative amount should be indicated by a minus sign.)
What is Belyks operating cash flow? (Do not include the dollar sign ($).)
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