refer to question 19 to find question 20 use the answers from 19 to answer 20 2 20 Accounting Values versus Cash Flows In Problem 19, suppose Belyk Paving Co paid out $395,000 in cash dividends Is this possible If net capital spending was zero, no new investments were made in net working capital, and no new stock was issued during the year, what do you know about the firm's long term debt account LO 2 19 Net Income and OCF During the year, Belyk Paving Co had sales of $2 350 000 Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,295,000, $530,000, and $420,000, respectively In addition, the company had an interest expense of $245,000 and a tax rate of 35 percent (Ignore any tax loss carryback or carryforward provisions ) a What is the company's net income b What is its operating cash flow c Explain your results in parts (a) and (b)

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refer to question 19 to find question 20  use the answers from 19 to answer 20  2 20  Accounting Values versus Cash Flows  In Problem 19, suppose Belyk Paving Co  paid out $395,000 in cash dividends  Is this possible  If net capital spending was zero, no new investments were made in net working capital, and no new stock was issued during the year, what do you know about the firm's long term debt account  LO 2 19  Net Income and OCF  During the year, Belyk Paving Co  had sales of $2 350 000  Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,295,000, $530,000, and $420,000, respectively  In addition, the company had an interest expense of $245,000 and a tax rate of 35 percent  (Ignore any tax loss carryback or carryforward provisions ) a  What is the company's net income  b  What is its operating cash flow  c  Explain your results in parts (a) and (b)

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refer to question 19 to find question 20. use the answers from 19 to answer 20. 2 20. Accounting Values versus Cash Flows. In Problem

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