View the step-by-step solution to:

Gross sales of 1.2 million. Cost of goods sold 539 thousand, selling expenses 229 thousands. This company has a debt of 940 thousand with an interest...

Gross sales of 1.2 million. Cost of goods sold 539 thousand, selling expenses 229 thousands. This company has a debt of 940 thousand with an interest rate of 7%. Depreciation was 144 thousand. The tax rate was 40%.

What is the company's net income? and what's the Operating Cash Flow?

Top Answer

Net income = 133320... View the full answer

Sign up to view the full answer

Other Answers

Net Income (v = h-t)... View the full answer

Sales.jpg

Grass. Sales [3]
EDGE [b]
Erma Profit [fizz-h} Selling exp [{1} Den If] Int [m Debt [3] Income befnre Tax [[1 =u-d-f-g}
Tax [t=4fl%*h} Net Income hr = h-t} DEF {M} E
§ 5 539,
5 551,
5 229,
5...

Operating cash flow: Operating cash flow is the cash generated... View the full answer

1.JPG

2.JPG

3.JPG

4.JPG

Net Income $133,320  ... View the full answer

yup.png

Particulars Gross sales
Less.
Cost pf Goods sold Gross Profit Less. Selling Expenses
Depreciation Interest on Debenture Income before tax Less.
Tax @4096 Net Income Operating Cash Fl ow Amount...

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask a homework question - tutors are online