During 2015 rainbow umbrella corp had sales of 920000 cost, Ask an Expert

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During 2015, Rainbow Umbrella Corp. had sales of $920,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $610,000, $125,000, and $155,000, respectively. In addition, the company had an interest expense of $57,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.)

a. What is the company's net income for 2015?

b. What is its operating cash flow?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91944453

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