Question
Vincents Company. has had sales this year of $1,000,000. Their selling and administrative expense was $220,000, COGS was $425,000, Interest Expense of $20,000, outstanding debt
Vincents Company. has had sales this year of $1,000,000. Their selling and administrative expense was $220,000, COGS was $425,000, Interest Expense of $20,000, outstanding debt was $150,000 and depreciation was $75,000. Timmons has a 40% corporate tax rate.What is net income for the year?? What is OCF?? Please explain in detail
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77861671, 978-0077861674
