Question
Apex Manufacturing has the following amounts on its 2016 Income Statement. ($Million) Net Sales $1,500 Cost of Goods Sold 1,000 Selling & Administrative expenses 200
Apex Manufacturing has the following amounts on its 2016 Income Statement. ($Million)
Net Sales $1,500
Cost of Goods Sold 1,000
Selling & Administrative expenses 200
Depreciation and Amortization 90
Interest expense 10
The average tax rate of the company is 35%.
The Net Income of the company in 2016 is _________ million.
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Payroll Accounting
Authors: Bernard J. Bieg, Judith A. Toland
2013 edition
978-1133962533
