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The following is the income statement belongs to Shining Star LLC for the year 31 December 2019: Shining Star LLC Income Statement for the year
The following is the income statement belongs to Shining Star LLC for the year 31 December 2019: Shining Star LLC Income Statement for the year ending 31December 2019 Net Sales RO 25000 Cost of Goods Sold 7000 Gross Profit 18000 Operating Expenses 8000 Operating Income 10000 Other Income: Interest Income 4000 Net Income RO 14000 If the company must pay an income tax expense on its profit and the tax rate is 30%, determine the Net income after tax Select one: (CE tv If the company must pay an income tax expense on its profit and the tax rate is 30%, determine the Net income after tax Select one: a. The correct answer not available b. OR 9800 c. OR 10000 d. OR 4200 e. OR 18200
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