During 2012 raines umbrella corp had sales of 860000 cost, Ask an Expert

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During 2012, Raines Umbrella Corp. had sales of $860,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $610,000, $110,000, and $125,000, respectively. In addition, the company had an interest expense of $87,000 and a tax rate of 35 percent. (Ignore any tax loss carry back or carry forward provisions.)

a. What is Raines's net income for 2012?

b. What is its operating cash flow?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91537478

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