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Problem 3 Intro You've collected the following information about a company: Line item Value Sales 540 Costs 432 Depreciation 40 Interest 25 The company's average

Problem 3

Intro

You've collected the following information about a company:

Line item Value
Sales 540
Costs 432
Depreciation 40
Interest 25

The company's average tax rate is 14%.

Attempt 2/50 for 10 pts.

Part 1

Use Excel to find net income. What is net income (profit after taxes) for the year?

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