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ABC Corp. had $58,000,000 in revenues, $22,000,000 in costs of goods sold, $15,000,000 in SG&A expenses, $9,000,000 in depreciation expenses, and $4,750,000 in interest expenses.
ABC Corp. had $58,000,000 in revenues, $22,000,000 in costs of goods sold, $15,000,000 in SG&A expenses, $9,000,000 in depreciation expenses, and $4,750,000 in interest expenses. The firm's tax rate was 28% 1. What was ABC Corp.'s Net Income? a. $12,000,000 b. $5,222,000 c. $7,250,000 d. $2,030,000 2. What about operating income? a. $7,250,000 b. $5,220,000 c. $12,000,000 d. $21,000,000
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