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The question is in the attachment, need to know the operating cash flow. Thanks During 2015, Rainbow Umbrella Corp. had sales of $870,000. Cost of
The question is in the attachment, need to know the operating cash flow. Thanks
During 2015, Rainbow Umbrella Corp. had sales of $870,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $580,000, $90,000, and $150,000, respectively. In addition, the company had an interest expense of $89,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.) a . b . What is the company's net income for 2015? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) Net income $ (39,000) What is its operating cash flow? (Do not round intermediate calculations.) Operating cash flow $Step by Step Solution
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