Net income and operating cash flow

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Reference no: EM13847500

During the year, Belyk Paving Co. had sales of $2,387,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,438,000, $436,300, and $491,300, respectively. In addition, the company had an interest expense of $216,300 and a tax rate of 40 percent. (Ignore any tax loss carryback or carryforward provisions.)

1. What is Belyk’s net income?

2. What is Belyk’s operating cash flow?

Reference no: EM13847500

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