Given the following income statement data, calculate net income: net sales = $4,200, cost of goods sold
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Question:
Given the following income statement data, calculate net income:
net sales = $4,200,
cost of goods sold = $2,650,
operating expenses = $580,
depreciation = $610,
interest expense = $200,
tax rate = 25%.
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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