of Sh Corp expect s to have total sales next year totaling 14,700 . I n addition the firm pays taxes 35 percent and will owe $281,000 in interest expenses . Based on last year's operations the firm's management predicts that the cost of goods sold would be 58 percent of sales and operating expenses will total 34 percent . What is your estimate of the firm's net income ( after taxes) for the coming year.

Sales Cost of goods sold Gross Profit Operating expenses

Net operating expenses Interest expenses Earnings before taxes Taxes Net income
year? Pro forma In com Sales Cost of gouds sold si Gross profil Operating Expenses letoperating cost - Nterest expense Earnings befure taxes\$\$ Axes let income

Question

of Sh Corp expect s to have total sales next year totaling 14,700 . I n addition the firm pays taxes 35 percent and will owe $281,000 in interest expenses . Based on last year's operations the firm's management predicts that the cost of goods sold would be 58 percent of sales and operating expenses will total 34 percent . What is your estimate of the firm's net income ( after taxes) for the coming year.

Sales Cost of goods sold Gross Profit Operating expenses

image text in transcribed

Net operating expenses Interest expenses Earnings before taxes Taxes Net income

year? Pro forma In com Sales Cost of gouds sold si Gross profil Operating Expenses letoperating cost - Nterest expense Earnings befure taxes\$\$ Axes let income

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of Sh Corp expect s to have total sales next year totaling 14,700 . I n addition the firm pays taxes 35 percent and will

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