Calculating operating cash flow


During 2009, Raines Corp has sales of $850,000. Cost of goods sold, administrative expenses, and depreciation expenses were $630,000, $120,000, and $130,000, respectively. In addition, the company had an interest expense of $85,000 and a tax rate of 35 percent. ( ignore any tax loss carrybak or carryforward provisions) What is Raines's net income? What is the operating cash flow?

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Finance Basics: Calculating operating cash flow
Reference No:- TGS046598

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