Problem 3-14 Income versus Cash Flow (LO3) Butterfly Tractors had $15.00 million in sales last year....

Problem 3-14 Income versus Cash Flow (LO3)

a. What was the firm’s net income? (Enter your answers in millions rounded to 2 decimal places.)

b. What was the firm’s cash flow? (Enter your answers in millions rounded to 2 decimal places.)

c. What would happen to net income and cash flow if depreciation were increased by $1.20 million? (Enter your numeric answers in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance.)

f. What would be the impact on cash flow if depreciation was $1.20 million and interest expense was $2.20 million? (Enter your numeric answer in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance.)

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jeff jeffy answered 2 months ago

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