Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Simplex Healthcare had net income of $5,032,044 after paying tax at 35 percent. The company had gross profit of $20,229,520. Its interest expense for the
Simplex Healthcare had net income of $5,032,044 after paying tax at 35 percent. The company had gross profit of $20,229,520. Its interest expense for the year was $1,361,273, while depreciation expense was $2,111,323. What was the company's operating expenses excluding depreciation? Round the answer to the whole number
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started