Question
During the year, Company A had sales of $2,400,000. Cost of goods sold, and depreciation expense were $1,860,000 and $490,000 respectively. The company had net
During the year, Company A had sales of $2,400,000. Cost of goods sold, and depreciation expense were $1,860,000 and $490,000 respectively. The company had net interest expense of $215,000 and a tax rate of 35%. What is Company A's net income? Dividends per share are calculated by dividing Dividends by the total number of shares outstanding. Earnings per share are calculated similarly, net income divided by total number of shares outstanding. According GAAP, income statements report revenue when they are accrued (revenue recognized at the time of sale and not necessarily when cash comes in).
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