Business, 14.04.2020 21:30 nathand200127
Based on the following information to construct an income statement, what is the net income amount?
Interest expense= $25,000;
Sales = $950,000;
Income tax rate = 25%;
Selling and marketing expenses = $160,000;
General and administrative expenses = $200,000;
Gross profit = $550,000;
Depreciation = $30,000;
Cost of goods sold = $400,000.
Answers: 1
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Based on the following information to construct an income statement, what is the net income amount?...
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