18. A company has sales of $30,000, $6,000 cost of goods sold, expenses of $4,000, an interest expense of $2,000 and a tax rate of
18. A company has sales of $30,000, $6,000 cost of goods sold, expenses of $4,000, an interest expense of $2,000 and a tax rate of 5%.
a) what is its net income?
b) what is its earning per share if it has 20,000 shares outstanding?
c) what are its gross profit margin, operation profit margin, and net income margin?
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Authors: Judith J. Baker, R.W. Baker
4th Edition
1284029867, 978-1284029864
