What was the firms operating cash flow

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Reference no: EM131186331

During the year, the Senbet Discount Tire Company had gross sales of $1.25 million. The firms's cost of goods sold and selling expenses were $544,000 and $234,000, respectively. The firm also had notes payable of $990,000. These notes carried an interest rate of 6%. Deprectiation was $149,000. The firm's tax was 30%.

What was the firm's net income? (Enter the answer in dollars not millions of dollars) (Round answer to nearest whole number) (Do not round intermediate calculations)

What was the firms operating cash flow? (Enter the answer in dollars, not millions of dollars) (Round answer to nearest whole number) (Do not round intermediate calculations)

Reference no: EM131186331

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