Reference no: EM131197771
During the year, Belyk Paving Co. had sales of $2,381,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,444,000, $436,900, and $491,900, respectively. In addition, the company had an interest expense of $216,900 and a tax rate of 40 percent. (Ignore any tax loss carryback or carryforward provisions.)
a. What is the company’s net income? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Net income $
b. What is it's operating cash flow? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Operating cash flow $
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