A company has sales of $65,000 and total costs of $14,000, including depreciation and interest expenses....
A company has sales of $65,000 and total costs of $14,000, including depreciation and interest expenses. The average tax rate is 50%.
Total assets are $73,000 and total equity is $36,000.
What is the company's net income?
What is the total debt ratio (including all liabilities)?
Homework Answers
| Sales revenue | 65000 | ||||
| Less: Cost including dep and interest | 14000 | ||||
| Pre tax Income | 51000 | ||||
| Less: tax @ 50% | 25500 | ||||
| After tax Income | 25500 | ||||
| Total assets | 73000 | ||||
| Less: Total Equity | 36000 | ||||
| Total debts | 37000 | ||||
| Total debts ratio = Total debts / Total assets *100 | |||||
| 37000/73000* 100 = 50.68% | |||||
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A company has sales of $65,000 and total costs of $14,000,
including depreciation and interest expenses....
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