During 2010 raines umbrella corp had sales of 740000 cost

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Reference no: EM13599752

During 2010, Raines Umbrella Corp. had sales of $740,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $450,000, $110,000, and $150,000, respectively. In addition, the company had an interest expense of $88,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.)

a. What is Raines's net income for 2010? (Input the amount as a positive value.)
b. What is its operating cash flow?

Reference no: EM13599752

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