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XYZ Co has disclosed the following financial information for the period ending 12/31/19: sales of $1,534,991, cost of goods sold of $849,041, depreciation expenses of
XYZ Co has disclosed the following financial information for the period ending 12/31/19: sales of $1,534,991, cost of goods sold of $849,041, depreciation expenses of $101,214, and interest expenses of $81,196. Assume that the firm has an average tax rate of 35 percent.
What is the company's net income? ( Please round your answer for the Tax and Net income line to the whole number, for example 5. )
Sales 1534991
COGS ( 849041 )
Deprecation ( 101214 )
Interest exp ( 81196 )
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Pre-Tax Income ?
Tax ?
Net Income ?
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