Answered: Operating profit margin is 8.65%.…

Operating profit margin is 8.65%. Sales to assets ratio is 3.20. Assets are 630,000. Equity is $430,000. Interest payments are 43,000. Tax rate is 40%. What is the net income????

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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Operating profit margin is 8.65%. Sales to assets ratio is 3.20. Assets are 630,000. Equity is $430,000. Interest payments are 43,000. Tax rate is 40%. What is the net income????

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