Context : During the year, the Senbet Discount Tire Company had gross sales of $1.26 million. The
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Context: During the year, the Senbet Discount Tire Company had gross sales of $1.26 million. The company's cost of goods sold and selling expenses were $545,000 and $235,000, respectively. The company also had dbet of $1,000,000, which carried an interest rate of 5 percent. Depreciation was $150,000. The tax rate was 35 percent.
Question: What was the company's net income and operating cash flow? Round your answer to the nearest whole number.
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