Question: please write in text not in handwriting since its hard to read from a paper pic and i need an explanation for each problem thank

please write in text not in handwriting since its hard to read from a paper pic and i need an explanation for each problem thank you

  1. During the year, Belyk Paving Co. had sales of $2,275,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,285,000, $535,000, and $420,000, respectively. In addition, the company had an interest expense of $245,000 and a tax rate of 21 percent. (Ignore any tax loss carryforward provision and assume interest expense is fully deductible.)

  1. What is Belyk Paving Companys net income?
  2. What is Belyk Paving Companys operating cash flow?
  3. Determine Belyk Paving Companys Cash Coverage Ratio, Times Interest Earned (Interest Coverage Ratio) and the Gross Profit Margin?

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