This year, Southern Coat Company had sales of £730,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were £580,000, £105,000 and £135,000 respectively. In addition, the company had an interest expense of £75,000 and a tax rate of 28 per cent. (Ignore any tax loss carry-back or carry-forward provisions.) a- What is Southern Coat Company’s net income? Net income b - What is its operating cash flow? Operating cash flow

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A: Income before tax means the profit earned before paying any taxes to the government authorities. It…

Q: The annual revenue, expenses, and depreciation for a company are $130,000; 32,000; and $12,000,…

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Q: How much Net Income did the company earn during the year

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A: Annual Revenue = 130,000 Expenses = 32,000 Depreciation = 15,000

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A: Compute income from continuing operations as shown below:

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