Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If you have the following data from a company's records, as follows: 1- Net profit =130,000 dinars 2. The tax rate is 25% 3. times

image text in transcribed
If you have the following data from a company's records, as follows: 1- Net profit =130,000 dinars 2. The tax rate is 25% 3. times interest earned ratio (TIE) is 6 times 4. General and administrative expenses 60,000 dinars 5. the percentage of Variable cost from the sales =40% Find the following values by writing the answer in the space provided for them: a- tax value = b. interest expenses value c- net sales vatue Write the answer in full figures without commas or decimals ( for example: 10000 ) and without any term as D OR $

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

Handbook Of Modeling High Frequency Data In Finance

Authors: Frederi G. Viens, Maria Cristina Mariani, Ionut Florescu

1st Edition

0470876883, 978-0470876886

More Books

Students also viewed these Finance questions

Question

What are the different techniques used in decision making?

Answered: 1 week ago