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Question: During 2010, 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 toss carry back or carry forward provisions)

a. What is Raines's net income for 2010?

b. What is its operating cash flow?

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Category:- Basic Finance
Reference No.:- M92762780

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