Question: Please tell me the calculation process Q#1. [10 pts] Timmons Co. has had sales this year of $1,000,000. Their selling and administrative expense was $220,000,

Please tell me the calculation process Q#1. [10 pts] Timmons Co.

Please tell me the calculation process

Q#1. [10 pts] Timmons Co. has had sales this year of $1,000,000. Their selling and administrative expense was $220,000, COGS was $425,000, Interest Expense of $20,000, outstanding debt was $150,000 and depreciation was $75,000. Timmons has a 40% corporate tax rate. 1-1. (5 pts) What is Timmons Net Income for the year? 1-2. (5 pts) What is Timmons Operating Cash Flow for the year

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