Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i just need to get net income Billy's Exterminators, Inc., has sales of $734,000, costs of $315,000, depreciation expense of $48,000, interest expense of $35,000,

i just need to get net income image text in transcribed
image text in transcribed
Billy's Exterminators, Inc., has sales of $734,000, costs of $315,000, depreciation expense of $48,000, interest expense of $35,000, and a tax rate of 35 percent. What is the net income for this firm? 5 6 7 $ 8 Sales Costs Depreciation expense Interest expense 734,000 315,000 48,000 35,000 9 Tax rate 35% 10 11 12 13 14 15 16 17 Cash dividends $ 85,000 Shares outstanding 110,000 18 19 20 21 Complete the following analysis. Do not hard code values in your answers. Tumang laole Styles Clipboard Font Styles D34 X fx A B D E F 19 G H 20 21 Complete the following analysis. Do not hard code values in your answers. 22 23 $ 24 25 26 27 28 Income Statement Sales Costs Depreciation expense EBIT Interest expense EBT Taxes (35%) Net income 734,000 315,000 48,000 371,000 35,000 336,000 117,600 29 30 31 32 33 34

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance Fundamentals For Nonprofits

Authors: Woods Bowman

1st Edition

1118004515, 9781118004517

More Books

Students also viewed these Finance questions

Question

Describe the three most prominent bond rating systems.

Answered: 1 week ago

Question

What is the purpose of the Occupational Safety and Health Act?

Answered: 1 week ago

Question

Discuss globalization issues for small to medium-sized businesses.

Answered: 1 week ago