Question during 2014 raines umbrella corp had sales of, Ask an Expert

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Question: During 2014, Raines 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.)

What is Raines's net income for 2014? (Do not round intermediate calculations. Input the amount as a positive value.)

What is the company's operating cash flow? (Do not round intermediate calculations.)

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