Question
Given the following income statement data, calculate net income: sales = $135, cost of goods sold = $40, miscellaneous expenses = $35, depreciation =$20, interest
Given the following income statement data, calculate net income: sales = $135, cost of goods sold = $40, miscellaneous expenses = $35, depreciation =$20, interest expense = $20, tax rate = 34%.
a. 10.7
b. 13.2
c. 19.8
d. 20
e. 23.1
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A Study In Public Finance
Authors: A. C. Pigou
1st Edition
1443722766, 978-1443722766
