Answered You can hire a professional tutor to get the answer.
During the year, the Senbet discount Tire company had gross sales of $1.16 million. The company's costs of goods sold and selling expenses were...
During the year, the Senbet discount Tire company had gross sales of $1.16 million. The company's costs of goods sold and selling expenses were $535,000, respectively. The company also had debt of $900,000, which carried an interest rate of 6 percent. Depreciation was $140,000. The tax rate was 35 percent.
a. What was the company's net income?
b. What was the company's operating cash flow?