11 During 2014, Raines Umbrella Corp. had sales of $790,000. Cost of goods sold, administrative...
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11 During 2014, Raines Umbrella Corp. had sales of $790,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $610,000, $85,000, and $190,000, respectively. In addition, the company had an interest expense of $52,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward 6.25 provisions.) points a. What is Raines's net income for 2014? (Do not round intermediate calculations. Input the amount as a positive value.) 01:16 33 (Click to select) eBook What is the company's operating cash flow? (Do not round intermediate b. calculations.) Operating cash flow Print
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