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What was senbets net income

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Reference no: EM131149593

During the year, the Senbet Discount Tire Company had gross sales of $1.24 million.

The firm's cost of goods sold and selling expenses were $543,000 and $233,000, respectively.

Senbet also had notes payable of $980,000.

These notes carried an interest rate of 8 percent.

Depreciation was $148,000.

Senbet's tax rate was 40 percent.

a. What was Senbet's net income?

b. What was Senbet's operating cash flow?

Reference no: EM131149593

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