Griffin's Goat Farm, Inc., has sales of $672,000, costs of $334,000, depreciation expense of $78,000, interest...

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Griffin's Goat Farm, Inc., has sales of $672,000, costs of $334,000, depreciation expense of $78,000, interest...

Griffin's Goat Farm, Inc., has sales of $672,000, costs of $334,000, depreciation expense of $78,000, interest expense of $49,000, and a tax rate of 25 percent. What is the net income for this firm? (Do not round intermediate calculations.)

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Answer 1

Answer #1

Sales = 672000

less COGS = 334000

EBITDA = $338000

less Depreciation Expense = 78000

EBIT = 260000

less Interest expense = 49000

EBT = 211000

less tax at 25% = 52750

EAT = $158250

NEt Income for the Firm = $158250

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Answer 2

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