Business, 18.02.2020 05:20 Emptypockets451

During 2012, Merced Rafters Inc. had sales of $1,000,000; cost of goods sold $750,000; administrative and selling expenses of $100,000; depreciation expenses of $50,000, and interest expense of $30,000. Its tax rate is 35 percent. a. What is MRI’s net income for 2012?b. What is its operating cash flow?

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During 2012, Merced Rafters Inc. had sales of $1,000,000; cost of goods sold $750,000; administrativ...

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