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Operating cash flow and net income During 2014. Raines Umbrella Corp. had sales of $740.000. Cost of goods sold, administrative and selling expenses, and depreciation
Operating cash flow and net income
During 2014. Raines Umbrella Corp. had sales of $740.000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $550.000, $90.000, and $95.000, respectively. In addition, the company had an interest expense of $94.000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.) What is Raines's net income for 2014? (Do not round intermediate calculations. Input the amount as a positive value.) $ What is the company's operating cash flow? (Do not round intermediate calculations.) Operating cash flow $Step by Step Solution
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