Saved Help Ch 3 Homework 3 5 Butterfly Tractors had $18.50 million in sales last...
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Saved Help Ch 3 Homework 3 5 Butterfly Tractors had $18.50 million in sales last year. Cost of goods sold was $8.90 million, depreciation expense was $2.90 million, Interest payment on outstanding debt was $190 million, and the firm's tax rate was 21% a. What was the firm's net income? (Enter your answers in millions rounded to 2 decimal places.) b. What was the firm's cash flow? (Enter your answers in millions rounded to 2 decimal places.) c. What would happen to net income and cash flow if depreciation were increased by $190 million? (Enter your numeric answers in millions rounded to 2 decimal places. Select "unaffected" If the results do not affect the balance.) t. What would be the impact on cash flow if depreciation was $1.90 million and interest expense was $2.90 millon? (Enter your numeric answer in millions rounded to 2 decimal places. Select "unaffected if the results do not affect the balance) $ Not income Netcow Not income would be Cashow would be Cash flow would be 3.36 milion 6.20 million by by by milion milion milioni
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