Problem 2 1 7 Net Income and OCF LO 2 During the year, Belyk Paving Company had sales of $ 2 , 3 2 0 , 0 0 0 Cost of goods sold, administrative and selling expenses, and depreciation expense were $ 1 , 3 0 0 , 0 0 0 , $ 5 6 5 , 0 0 0 , and $ 4 2 9 , 0 0 0 , respectively In addition, the company had an interest expense of $ 2 5 4 , 0 0 0 and a tax rate of 2 3 percent ( Ignore any tax loss carryforward provision and assume interest expense is fully deductible ) eBook a What is the company's net income Hint Print References Note A negative answer should be indicated by a minus sign Do not round intermediate calculations and round your answer to the nearest whole number, e g , 3 2 b What is its operating cash flow Note Do not round intermediate calculations and round your answer to the nearest whole number, e g , 3 2 table a Net income,$ , 1 9 0 , 0 0 0 , b Operating cash flow,$ , 5 0 , 7 4 4

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Question: Problem 2 - 1 7 Net Income and OCF [ LO 2 ] During the year, Belyk Paving Company had sales of $ 2 ,

Problem

2 - 17

Net Income and OCF

[

2]

During the year, Belyk Paving Company had sales of $

2, 320, 000 .

Cost of goods sold, administrative and selling expenses, and depreciation expense were $

1, 300, 000,

565, 000,

and $

429, 000,

respectively. In addition, the company had an interest expense of $

254, 000

and a tax rate of

23

percent.

(

Ignore any tax loss carryforward provision and assume interest expense is fully deductible.

)

eBook

.

What is the company's net income?

Hint

References

Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e

.

., 32 .

.

What is its operating cash flow?

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e

.

., 32 .

\

table

[[

.

Net income,$

, 190, 000], [

.

Operating cash flow,$

, 50, 744]]

Problem 2-17 Net Income and OCF [LO 2] During the year,

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