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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
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) Step by Step Solution
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