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Cost of goods sold was 8 million depreciation expense was 2

Butteryfly Tractors had 15 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 firms tax rate was 35%.

What was the firms net income?

What was the firms cash flow?

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Business Economics: Cost of goods sold was 8 million depreciation expense was 2

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