Question
. Given the following income statement data for a local business:Net sales = $16,500Cost of goods sold = $10,350Depreciation = $1120Interest expense = $900Tax rate
. Given the following income statement data for a local business:Net sales = $16,500Cost of goods sold = $10,350Depreciation = $1120Interest expense = $900Tax rate is 34%
a. Calculate net income
b. Calculate operating cash flow
c. Is this company able to cope with a short-term downturn in profitability? Explain your answer.
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International Trade Finance
Authors: Tarsem Bhogal, Arun Trivedi
2nd Edition
303024542X, 9783030245429
