Time remaining: 20738 6. 200 points Problem 2-19 Net Income and OCF [LO 2] During the year,
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Time remaining: 20738 6. 200 points Problem 2-19 Net Income and OCF [LO 2] During the year, Belyk Paving Co. had sales of $2,386,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,439,000, $436,400, and $491,400, respectively. In addition, the company had an interest expense of $216,400 and a tax rate of 30 percent. (Ignore any tax loss carryback or carryforward provisions.) a. What is the company's net income? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net nome b. What is it's operating cash flow? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Operating cash flow References eBook & Resources Worksheet Difficulty: 2 intermediate Sections Flow
Related Book For
Essentials of Corporate Finance
ISBN: 978-0078034756
8th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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