What is the company net income and operating cash flow

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Reference no: EM131603473

During the year, Belyk Paving Co. had sales of $2,386,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,439,000, $436,400, and $491,400, respectively. In addition, the company had an interest expense of $216,400 and a tax rate of 30 percent. (Ignore any tax loss carryback or carryforward provisions.) 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.) Net income $ b. What is it's operating cash flow? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Operating cash flow.

Reference no: EM131603473

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