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During the year, the Senbet Discount Tire Company had gross sales of $ 1 . 1 8 million. The company s cost of goods sold
During the year, the Senbet Discount Tire Company had gross sales of $ million. The companys cost of goods sold and selling expenses were $ and $ respectively. The company also had notes payable of $ These notes carried an interest rate of percent. Depreciation was $ The tax rate was percent.
a
What was the companys net income? Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, eg
b
What was the companys operating cash flow? Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, eg
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