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MNO company would like to know if their company is profitable or not. What they have are only the following data: Sales for the 15t

MNO company would like to know if their company is profitable or not. What they have are only the following data: Sales for the 15t quarter is Php 300,000.00, same with the 3rd&4th quarters. Second quarter sales are 25% lower than the 1st quarter. While Total Operating Expenses is half of the Gross Profit. Tax rate is 20%. How much is the Net income of the company after tax? Show your computation. MNO company would like to know if their company is profitable or not. What they have are only the following data: Sales for the 15t quarter is Php 300,000.00, same with the 3rd&4th quarters. Second quarter sales are 25% lower than the 1st quarter. While Total Operating Expenses is half of the Gross Profit. Tax rate is 20%. How much is the Net income of the company after tax? Show your computation

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