During the year, Belyk Paving Co. had sales of $2,700,000. Cost of goods sold, administrative and selling
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During the year, Belyk Paving Co. had sales of $2,700,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $1,690,000, $465,000, and $530,000, respectively. In addition, the company had an interest expense of $210,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.)
a. What is Belyk's net income?
b. What is its operating cash flow?
c. Explain your results in (a) and (b).
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Related Book For
Essentials Of Corporate Finance
ISBN: 9780073405131
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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