Business, 03.08.2019 17:10 tasphipps

During 2010, raines umbrella corp. had sales of $850,000. cost of goods sold, administrative and selling expenses, and depreciation expenses were $610,000, $110,000, and $140,000, respectively. in addition, the company had an interest expense of $85,000 and a tax rate of 35 percent. (ignore any tax loss carryback or carryforward provisions.) a. what is raines's net income (loss) for 2010? (input the amount as a positive value.) $ b. what is its operating cash flow?

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During 2010, raines umbrella corp. had sales of $850,000. cost of goods sold, administrative and sel...

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