During the year, the Senbet Discount Tire Company had gross sales of $1.11 million. The firm?s cost of goods sold and selling expenses were $530,000 and $220,000, respectively. The firm also had notes payable of $850,000. These notes carried an interest rate of 5 percent. Depreciation was $135,000. The firm?s tax rate was 40 percent.
What was the firm?s net income? What is the Operating Cash Flow?
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