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In its latest set of financials, a company presents the following information regarding its income statement: Total Sales/Revenues $2,600,000 Tax Expense $120,000 Admin Expenses $550,000
In its latest set of financials, a company presents the following information regarding its income statement:
Total Sales/Revenues $2,600,000 Tax Expense $120,000 Admin Expenses $550,000 Interest Expense $420,000 Cost of Goods Sold $1,200,000 Rent Expense $100,000
Assuming these 6 items are the only income statement entries provided by the company, what is the bottom line net income for the company?
Select one:
a. $1,400,000 b. ($330,000) c. $750,000 d. $210,000 e. None of the answers provided
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