Business, 12.06.2020 19:57 myanniespencer39

1. During 2019, Toots Umbrella Corp. had sales of $675,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $435,000, $85,000, and $125,000, respectively. In addition, the company had an interest expense of $70,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.) a. Toots net income was negative (40,000) b. the operating cash flow was found by (675000-435000,85000)/ the sales which would give you a cash flow of 155000 c. So at first when I first found that the net income for the business was negative by the time all the money comes in

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1. During 2019, Toots Umbrella Corp. had sales of $675,000. Cost of goods sold, administrative and s...

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