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At the end of its third year of operations, ABC manufacturing company had $4,500,000 in revenues; $3,375,000 in cost of goods sold; $450,000 in operating
At the end of its third year of operations, ABC manufacturing company had $4,500,000 in revenues; $3,375,000 in cost of goods sold; $450,000 in operating expenses, interest expense of $150,000; and had tax liability equal to 35% of the firms taxable income. What is the net income of the firm for the year?
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