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What was m and ms net cash flow last year

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Reference no: EM132476122

Last year M&M Corporation reported its net income as $920,000. A review of its income statement shows that M&M's operating expenses (fixed and variable), excluding depreciation and amortization, were $1,660,000; its depreciation and amortization expense was $240,000; and tis company's tax rate was 30 percent. M&M has no debt (the firm is financed with equity only). Round to the nearest dollar.

Please show your work.

Question a. What were M&M's sales revenues last year?

Question b. What was M&M's net cash flow last year?

Reference no: EM132476122

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