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problem: During the 1998, the Senbet Discount Tire Company had gross sales of 1 million dollar. The firm’s cost of goods sold and selling expenses were $300,000 & $200,000, respectively. These figures do not include depreciation. Senbet also had notes payable of $1 million. These notes carried an interest rate of 10 dollar. Depreciation was 100,000 dollar. Senbet’s tax rate in 1998 was 35%.

[A] find out Senbet’s net income?

[B] find out Senbet’s net operating income?

[C] What were the firm’s earnings before taxes?

[D] find out Senbet’s operating cash flow?

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