Butterfly Tractors had $19.50 million in sales last year. Cost of goods sold was $9.10...
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Butterfly Tractors had $19.50 million in sales last year. Cost of goods sold was $9.10 million, depreciation expense was $3.10 million, interest payment on outstanding debt was $2.10 million, and the firms tax rate was 21%. What was the firms net income? Note: Enter your answer in millions rounded to 2 decimal places. What was the firms cash flow? Note: Enter your answer in millions rounded to 2 decimal places. What would happen to net income and cash flow if depreciation were increased by $2.10 million? Note: Enter your numeric answers in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance. Would you expect the change in depreciation to
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