Given the following data from Swamp & Sand Industries, calculate the NI. The tax rate is...
Given the following data from Swamp & Sand Industries, calculate the NI. The tax rate is 30%.
Sales 1,144
Cost of Sales 400
SGA 306
Depreciation 120
Interest Expense 8
NWC 25
CapEx 121
Dividends 37
Note SGA does not include depreciation.
Homework Answers
Net Income = (1 - 0.30)(1,144 - 400 - 306 - 120 - 8)
Net Income = $217
So,
Net Income = $217
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Given the following data from Swamp & Sand Industries,
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