Question: HighTech wireless just publish its current income statement, which shows net income equal to $240,000 the statement also shows the operating expenses or $500,000 before
HighTech wireless just publish its current income statement, which shows net income equal to $240,000 the statement also shows the operating expenses or $500,000 before including deposition, deposition was $100,000, and the tax rate was 40%. If HighTech has no debt, what were its sales revenue? What was its net cash flow?
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