Business, 13.10.2020 03:01 momoney5746

During the year, Belyk Paving Co. had sales of $2,275,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,285,000, $535,000, and $420,000, respectively. In addition, the company had an interest expense of $245,000 and a tax rate of 21 percent. (Ignore any tax loss carryforward provision and assume interest expense is fully deductible.) a. What is the company’s net income?
b. What is its operating cash flow?
c. Explain your results in parts (a) and (b)

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During the year, Belyk Paving Co. had sales of $2,275,000. Cost of goods sold, administrative and se...

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