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Firm’s Net Income and Net Cash Flow Assignment | Homework For You

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May 26th, 2020
6) Butterfly Tractors had $14 million in sales last year. Cost of goods sold was $8 million, depreciation expense was $2 million, interest payment on outstanding debt was $1 million, and the firm’s tax rate was 35%. (3 pts)Homework For You
a) What were the firm’s net income and net cash flow?
b) What would be the impact on cash if the depreciation was $1 million and interest payment was $2 million?Get Finance homework help today

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