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(Solved): 4. During the year, Beak Paving Co. had sales of $1,745,000. Cost of Goods Sold ($880,000); Administ ...



4. During the year, Beak Paving Co. had sales of $1,745,000. Cost of Goods Sold ($880,000); Administrative and Selling Expenses ($470,000); and Depreciation Expense ($385,000). In addition, the company had an Interest Expense of $195,000, and Tax Rate of 21%. (Ignore any loss carry-forward provision and assume interest expense is fully deductible). a. What is the company’s net income? b. What is its operating cash flow? c. Explain your results in parts (a) and (b).



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Net Income=(Sales ? COGS?Admin
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