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4. For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of $2.7 million during the last year. Expenses were as follows:,Cost of goods sold…………………………. $1.2 million ,Administrative expenses…………………… $250,000,Marketing and selling expenses…………… $175,000,Depreciation…………………………………. $500,000,Interest expense……………………………. $200,000,Dividends paid………………………………. $150,000 ,(TCO 1) Assuming a tax rate of 30%, what is the operating cash flow for the year?,,(Points: 3),$1,260,000 ,$962,000 ,$962,500 ,$1,265,000 ,Can not be determined with the information given ,,,5. For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of $2.7 million during the last year. Expenses were as follows:,Cost of goods sold…………………………. $1.2 million ,Administrative expenses…………………… $250,000,Marketing and selling expenses…………… $175,000,Depreciation…………………………………. $500,000,Interest expense……………………………. $200,000,Dividends paid………………………………. $150,000 ,(TCO 1) Select all items that will be included in Sports Baseballs, Inc. Income Statement. For this exercise you will be choosing more than one option for your answer: ,,(Points: 3),Accounts receivable ,Cost of goods sold ,Net working capital ,Interest expense ,Taxes ,Current assets ,Short-term loans ,Cash on hand ,Inventory ,,

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