GYOC Mining Inc. recently reported $115,000 of sales, $72,500 of operating costs other than depreciation, and...
GYOC Mining Inc. recently reported $115,000 of sales, $72,500 of operating costs other than depreciation, and $9,200 of depreciation. The company had $20,000 of outstanding bonds that carry a 5% interest rate, and its federal-plus-state income tax rate was 30%. How much was the firm's net income?
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Answer - Net income = $22610
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GYOC Mining Inc. recently reported $115,000 of sales, $72,500 of operating costs other than depreciation, and...
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