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(Solved): During the year, Belyk Paving Company had sales of $2,530,000. Cost of goods sold, administrative an ...



During the year, Belyk Paving Company had sales of

$2,530,000

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

$1,358,000,$675,000

, and

$471,000

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

$296,000

and a tax rate of 22 percent. (Ignore any tax loss carryforward provision and assume interest expense is fully deductible.) a. What is the company's net income? 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., 32 . b. What is its operating cash flow? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Answer is complete but not entirely correct. \table[[a. Net income,

$

,

210,600x
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