During the yeat, the Senbet Discount Tire Company hod gross sales of $534,400. The company's...
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During the yeat, the Senbet Discount Tire Company hod gross sales of $534,400. The company's cost of goods sold and selling expenses were $175,700 and $102,700. respectively. The company also had debt of $481,000, which carried an interest rate of 6 percent. Depreciation was $61,200. The tax rate was 21 percent. a. What was the compony's net income? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. What was the company's operating cash flow? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g.4 32.)
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