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What would happen to net income and cash flow

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Reference no: EM132514454

Butterfly Tractors had $23.50 million in sales last year. Cost of goods sold was $9.90 million, depreciation expense was $3.90 million, interest payment on outstanding debt was $2.90 million, and the firm's tax rate was 21%.

Question 1: What would happen to net income and cash flow if depreciation were increased by $2.90 million? (Enter your numeric answers in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance.)

Reference no: EM132514454

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