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What was the company operating cash flow

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Reference no: EM133102349

Question - Building an Income Statement - During the year, the Senbet Discount Tire Company had gross sales of $1.12 million. The Company's cost of goods sold and selling expenses were $581,000 and $234,000, respectively. The company also had notes payable of $780,000. These notes carried an interest rate of 5 percent Depreciation was $111,000. The tax rate was 21 percent.

Required -

a. What was the company's net income?

b. What was the company's operating cash flow?

Reference no: EM133102349

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