In 2014, Wire Corp. had sales of $860,000. Cost of goods sold, administrative and selling expenses, and
depreciation expenses were $610,000, $110,000, and $125,000, respectively. In addition, the company had
an interest expense of $87,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward
provisions.)
a. What is Wire's net income for 2014? (Do not round intermediate calculations. Input the amount as
a positive value.)
Net loss
$ 46800
b. What is the company's operating cash flow? (Do not round intermediate calculations.)
Operating cash flow
$ 177850
