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During 2021, Raines Umbrella Corporation had sales of $742,000. Cost of goods sold, administrative and selling expenses,
Posted: Wed Jul 06, 2022 6:44 pm
by answerhappygod
- During 2021 Raines Umbrella Corporation Had Sales Of 742 000 Cost Of Goods Sold Administrative And Selling Expenses 1 (57.79 KiB) Viewed 20 times
During 2021, Raines Umbrella Corporation had sales of $742,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $455,000, $99,500, and $145,000, respectively. In addition, the
company had an interest expense of $72,400 and a tax rate of 25 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully deductible.) a. What is the
company's net income/loss for 2021? (Do not round intermediate calculations and enter your answer as a positive value.) b. What is the
company's operating cash flow? (Do not round intermediate calculations.) b. Operating cash flow