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Problem 2 - 1 7 Net Income and OCF [ LO 2 ] During the year, Belyk Paving Company had sales of $ 2 ,
Problem Net Income and OCF LO
During the year, Belyk Paving Company had sales of $ Cost of goods sold, administrative and selling expenses, and depreciation expense were $$ and $ respectively. In addition, the company had an interest expense of $ and a tax rate of percent. Ignore any tax loss carryforward provision and assume interest expense is fully deductible.
a What is the company's net income?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, eg
b What is its operating cash flow?
Note: Do not round intermediate calculations and round your answer to the nearest whole number, eg
tablea Net incomeb Operating cash flow
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