What were our sales revenues

Reference no: EM13297171

Last year, Anderson Inc. reported net income of $685,000. I checked out my firm's income statement and saw that our operating expenses (fixed and variable) excluding depreciation were $1,400,000; that the depreciation expense was $315,000; and that our tax rate was 40%. Because my company is financed with stock only, I was happy that we paid no interest expense. a. What were our sales revenues? b. What was the net cash flow?

Reference no: EM13297171

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