Question
A firm's financial statements showed sales of $600,000, operating expense of $70,000, accounts receivable of $100,000, interest expense of $50,000 and cost of goods sold
A firm's financial statements showed sales of $600,000, operating expense of $70,000, accounts receivable of $100,000, interest expense of $50,000 and cost of goods sold of $220,000. If the company pays 21% taxes, what is their net income? Enter your answer in whole dollars (no cents) without a $ sign.
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
