Business, 22.09.2020 14:01, yungkxng57

During the year, the Senbet Discount Tire Company had gross sales of $865,000. The firm’s cost of goods sold and selling expenses were $455,000 and $210,000, respectively. The company also had notes payable of $680,000. These notes carried an interest rate of 4 percent. Depreciation was $105,000. The tax rate was 21 percent. 1. What was the company’s net income?2. What was the company’s operating cash flow?

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During the year, the Senbet Discount Tire Company had gross sales of $865,000. The firm’s cost of go...