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A company has revenue of $5,000,000, cost of goods sold of $500,000, and SG&A expenses of $1,100,000. Further, the corporate tax rate is 35%. What
A company has revenue of $5,000,000, cost of goods sold of $500,000, and SG&A expenses of $1,100,000. Further, the corporate tax rate is 35%. What is this companys Net Income?
| $2,210,000 | ||
| $1,150,000 | ||
| $2,860,000 | ||
| $3,070,000 |
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Public Finance In Theory And Practice
Authors: Richard Abel Musgrave, Peggy B. Muscrave
5th Edition
0070441278, 978-0070441279
