Solution-Company operating cash flow

Company operating cash flow

Reference no: EM133204874

During the year, the Senbet Discount Tire Company had gross sales of $559,900. The company's cost of goods sold and selling expenses were $191,000 and $111,200, respectively. The company also had debt of $498,000, which carried an interest rate of 8 percent. Depreciation was $66,300. The tax rate was 23 percent.

A. What was the company's net income? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

B. What was the company's operating cash flow? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Reference no: EM133204874

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Company operating cash flow

Reference no: EM133204874

Reference no: EM133204874

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