Question
A company has the following data: Sales revenue: $200,000 Cost of goods sold: $100,000 Selling and administrative expenses: $50,000 Depreciation expense: $10,000 Interest expense: $5,000
A company has the following data:
- Sales revenue: $200,000
- Cost of goods sold: $100,000
- Selling and administrative expenses: $50,000
- Depreciation expense: $10,000
- Interest expense: $5,000
- Tax rate: 30%
Calculate the company's net income and return on sales.
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
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