Billy's Exterminators, Inc., has sales of $817,000, costs of $343,000, depreciationexpense of $51,000, interest expense of $38,000, and a tax rate of 21 percent. Whatis the net income for this firm?SalesCostsDepreciation expenseInterest expenseTax rate$SalesCostsDepreciation expenseEBITInterest expenseEBTTaxes (21%)Net income817,000343,00051,00038,00021%Complete the following analysis. Do not hard code values in your calculations.Income Statement$817,000343,00051,000

The net income is the income available after doing payments of all expenses including the interest…

Billy's Exterminators, Inc., has sales of $817,000, costs of $343,000, depreciation expense of $51,000, interest expense of $38,000, and a tax rate of 21 percent. What is the net income for this firm? Sales Costs Depreciation expense Interest expense Tax rate $ 817,000 343,000 51,000 38,000 21%

Billy's Exterminators, Inc., has sales of $817,000, costs of $343,000, depreciation expense of $51,000, interest expense of $38,000, and a tax rate of 21 percent. What is the net income for this firm? Sales Costs Depreciation expense Interest expense Tax rate $ 817,000 343,000 51,000 38,000 21%

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...

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Question

Billy's Exterminators, Inc., has sales of $817,000, costs of $343,000, depreciation
expense of $51,000, interest expense of $38,000, and a tax rate of 21 percent. What
is the net income for this firm?
Sales
Costs
Depreciation expense
Interest expense
Tax rate
$
Sales
Costs
Depreciation expense
EBIT
Interest expense
EBT
Taxes (21%)
Net income
817,000
343,000
51,000
38,000
21%
Complete the following analysis. Do not hard code values in your calculations.
Income Statement
$
817,000
343,000
51,000

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