(Answered) During the year belyk paving co had sales of 2700000 cost

Finance

During the year, Belyk Paving Co. had sales of $2,700,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $1,690,000, $465,000, and $530,000, respectively. In addition, the company had an interest expense of $210,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.)

a. What is Belyk's net income?

b. What is its operating cash flow?

c. Explain your results in (a) and (b).

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