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Jason & John Co. has the following income statement: Sales $2 850, Costs $1 850, Depreciation $192, Interest expense $285, and Net income $340. The
- Jason & John Co. has the following income statement: Sales $2 850, Costs $1 850, Depreciation $192, Interest expense $285, and Net income $340. The applicable corporate tax rate is 35%. Calculate the amount of pre-tax income for the firm. Show your calculations in detail.
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