Business, 08.10.2020 09:01 clara38

During the year, Belyk Paving Co. had sales of $2,560,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,364,000, $685,000, and $477,000, respectively. In addition, the company had an interest expense of $302,000 and a tax rate of 24 percent. (Ignore any tax loss or carryforward provision and assume interest expense is fully deductible.) 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.)
b. What is its operating cash flow? (Do not round intermediate calculations and round your answer to the nearest whole number, e. g., 32.)
a. Net income
b. Operating cash

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During the year, Belyk Paving Co. had sales of $2,560,000. Cost of goods sold, administrative and se...

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