Question
ILY Tech Inc. recently reported $200,000 of sales, $50,000 of operating costs other than depreciation, and $10,000 of depreciation. The company had $100,000 of outstanding
ILY Tech Inc. recently reported $200,000 of sales, $50,000 of operating costs other than depreciation, and $10,000 of depreciation.
The company had $100,000 of outstanding bonds that carry a 10% interest rate, and its federal-plus-state income tax rate was 20%. How much was the firm's net income?
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Affordable Housing Finance
Authors: K. Hawtrey
2009th Edition
0230555187, 978-0230555181
