Question
TheS&H Construction Company expects to have total sales next year totaling $15,300,000. Inaddition, the firm pays taxes at 35 percent and will owe $290,000 in
TheS&H Construction Company expects to have total sales next year totaling $15,300,000. Inaddition, the firm pays taxes at 35 percent and will owe $290,000 in interest expense. Based on lastyear's operations thefirm's management predicts that its cost of goods sold will be 60 percent of sales and operating expenses will total 26 percent. What is your estimate of thefirm's net income(after taxes) for the comingyear?
Sales_____
Cost of goods______
gross Profit_____
Operating expenses______
Net operating income________
interest expense______
Earnings before taxes_______
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