During the year, Hudson Construction Co. had sales of $2,850,000. The cost of goods sold, administrative and selling expenses, and depreciation expense were $1,725,000, $520,000, and $530,000, respectively. In addition, the company had an interest expense of $245,000 and a tax rate of 30%. a. What is the company's net income? b. What is its operating cash flow?

During the year, Hudson Construction Co. had sales of $2,850,000. The cost of goods sold, administrative and selling expenses, and depreciation expense were $1,725,000, $520,000, and $530,000, respectively. In addition, the company had an interest expense of $245,000 and a tax rate of 30%. a. What is the company's net income? b. What is its operating cash flow?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...

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