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What is the company net income for 2019

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During 2019, Rainbow Umbrella Corp. had sales of $630,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $465,000, $85,000, and $135,000, respectively. In addition, the company had an interest expense of $70,000 and a tax rate of 21 percent. (Assume that interest is fully deductible.)

a. What is the company's net income for 2019? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations.)b.What is its operating cash flow?

Reference no: EM132799602

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