Question: Using the information provided below, answer question 1A and 18, regarding Wingert Waterworks Incorporated. Please assume the tax rate is 20%. Sales: $1,500,000 Dividends Paid

 Using the information provided below, answer question 1A and 18, regarding

Using the information provided below, answer question 1A and 18, regarding Wingert Waterworks Incorporated. Please assume the tax rate is 20%. Sales: $1,500,000 Dividends Paid Out: $35,000 (all paid in cash) Net Income: $175,000 Interest Expense: $12,000 Depreciation: $3,000 Selling expenses: $22,000 1A. Find Wingert Waterworks's EBIT and Cost of Goods Sold. 1B. Find the operating cash flow

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