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please write in text not in handwriting since its hard to read from a paper pic and i need an explanation for each problem thank
please write in text not in handwriting since its hard to read from a paper pic and i need an explanation for each problem thank you
- During the year, Belyk Paving Co. had sales of $2,275,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,285,000, $535,000, and $420,000, respectively. In addition, the company had an interest expense of $245,000 and a tax rate of 21 percent. (Ignore any tax loss carryforward provision and assume interest expense is fully deductible.)
- What is Belyk Paving Companys net income?
- What is Belyk Paving Companys operating cash flow?
- Determine Belyk Paving Companys Cash Coverage Ratio, Times Interest Earned (Interest Coverage Ratio) and the Gross Profit Margin?
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