During the year, the Senbet Discount Tire Company had gross sales of $1.2 million. The firm's cost of goods sold and selling expenses were $450,000 and $225,000, respectively.

During the year, the Senbet Discount Tire Company had gross sales of $1.2 million.  The firm's cost of goods sold and selling expenses were $450,000 and $225,000, respectively.  Senbet also had notes payable of $900,000. These notes carried an interest rate of 9%. Depreciation was $110,000. Senbet's tax rate was 35%.

a. What was Senbet's net income?

b. What was Senbet's operating cash flow?

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