14. PRENTICE A LEARNER Co. reported profit after tax of ₱210,000. PRENTICE’s income tax rate is 30%. Operating expenses for the year is 15% of sales and 25% of cost of sales. Other expenses were 10% of sales. How much is the total sales? a. 1,800,000 b. 2,000,000 c. 2,200,000 d. 2,240,000

14. PRENTICE A LEARNER Co. reported profit after tax of ₱210,000. PRENTICE’s income tax rate is 30%. Operating expenses for the year is 15% of sales and 25% of cost of sales. Other expenses were 10% of sales. How much is the total sales? a. 1,800,000 b. 2,000,000 c. 2,200,000 d. 2,240,000

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter7: Stocks (equity) - Characterstics And Valuation

Section: Chapter Questions

Problem 20PROB

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Question

14. PRENTICE A LEARNER Co. reported profit after tax of ₱210,000. PRENTICE’s income tax rate is 30%. Operating expenses for the year is 15% of sales and 25% of cost of sales. Other expenses were 10% of sales. How much is the total sales?
a. 1,800,000
b. 2,000,000
c. 2,200,000
d. 2,240,000

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