Solution-Administrative and selling expenses and

Administrative and selling expenses and depreciation

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Reference no: EM131831776

During the year Belyk Paving Co. had sales of $2,350,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,295,000, $530,000, and $420,000, respectively. In addition, the company had an interest expense of $245,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.)

a. What is the company's net income?

b. What is its operating cash flow?

c. Explain your results in parts (a) and (b).

Reference no: EM131831776

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Administrative and selling expenses and depreciation

Reference no: EM131831776

Reference no: EM131831776

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