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Net Sales 400,000 Cost of Goods Sold 240,000 Gross Profit 160,000 Expenses: Operating Expense 42,000 Interest Expense 18,000 Total Expenses 60,000 Income before Income Taxes
| Net Sales | 400,000 | ||
| Cost of Goods Sold | 240,000 | ||
| Gross Profit | 160,000 | ||
| Expenses: | |||
| Operating Expense | 42,000 | ||
| Interest Expense | 18,000 | ||
| Total Expenses | 60,000 | ||
| Income before Income Taxes | 100,000 | ||
| Income Tax expense | 30,000 | ||
| Net Income | 70,000 |
| 1. With the giver Balance sheet Compute for Times Interest Earned |
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Management Audit A Complete Guide
Authors: Gerardus Blokdyk
2020 Edition
0655905413, 978-0655905417
