Papa Roach Exterminators, Inc., has sales of $654,000, costs of $235,000, depreciation expense of $44,000, interest...
Papa Roach Exterminators, Inc., has sales of $654,000, costs of $235,000, depreciation expense of $44,000, interest expense of $24,000, and a tax rate of 40 percent. What is the net income for firm?
Homework Answers
ANSWER: Calculating net income :
|
Particular |
Amount(In $) |
|
Sales |
6,54,000 |
|
Less: Operating cost including depreciation ( $2,35,000+$44,000) |
(2,79,000) |
|
EBIT |
3,75,000 |
|
Less : Interest |
(24,000) |
|
EBT |
3,51,000 |
|
Tax @ 40% |
(1,40,400) |
|
Net Income |
2,10,600 |
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