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3.6- Asume that Mainline Home-care ,a fort profit corporation,had exactly the same situation as reported in Problem 3.5 .However ,Mainline must pay taxes at a
3.6- Asume that Mainline Home-care ,a fort profit corporation,had exactly the same situation as reported in Problem 3.5 .However ,Mainline must pay taxes at a rate of 40 percent of pretax(operating)income.Assuming that the same revenues and expenses reported for financial accounting purposes would be reported for tax purposes,redo Problem 3.5 for Mainline.
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