During 2018, Raines Umbrella Corp. had sales of $727,000. Cost of goods sold, administrative and...
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During 2018, Raines Umbrella Corp. had sales of $727,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $450,000, $97,000, and $142,500, respectively. In addition, the company had an interest expense of $71,400 and a tax rate of 25 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully tax deductible.) a. What is the company's net income/loss for 2018? (Do not round intermediate calculations. Enter your answer as a positive value.) b. What is the company's operating cash flow? (Do not round intermediate calculations.) a. b. Operating cash flow
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