Question
Net Income OCF During 2010, Raines Umbrella Corp. had sales $850,000. Cost of goods sold, administrative and selling expenses, and deprecition expenses were $61,000, $110,000
Net Income OCF During 2010, Raines Umbrella Corp. had sales $850,000. Cost of goods sold, administrative and selling expenses, and deprecition expenses were $61,000, $110,000 and $140,000 respectively. In addition , the company had an interest expense of $85,000 and a tax rate of 35%.
What is Raines Net Income for 2010
What is the operating cash flow?
Explain your results in a and b
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The Handbook Of Energy Trading
Authors: Stefano Fiorenzani, Samuele Ravelli, Enrico Edoli
1st Edition
1119953693, 978-1119953692
