What is the company net income-loss

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During 2018, Raines Umbrella Corp. had sales of $772,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $465,000, $104,500, and $150,000, respectively. In addition, the company had an interest expense of $74,400 and a tax rate of 25 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully tax deductible.)

a. What is the company's net income/loss for 2018? (Do not round intermediate calculations. Enter your answer as a positive value.)

b. What is the company's operating cash flow? (Do not round intermediate calculations.)

Reference no: EM132465360

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