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During the year, Belyk Paving Co. had sales of $2,455,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,343,000, $650,000, and
During the year, Belyk Paving Co. had sales of $2,455,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,343,000, $650,000, and $456,000, respectively. In addition, the company had an interest expense of $281,000 and a tax rate of 22 percent. (Ignore any tax loss or carryforward provision and assume interest expense is fully deductible.) |
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.) |
b. | What is its operating cash flow? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) |
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