Pharrell, Inc., has sales of $998,000, costs of $283,000, depreciation expense of $84,000, interest expense of $30,000, and a tax rate of 35 percent. What is the net income for this firm?
Pharrell, Inc., has sales of $998,000, costs of $283,000, depreciation expense of $84,000, interest expense of $30,000, and a tax rate of 35 percent. What is the net income for this firm?
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 3P
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Pharrell, Inc., has sales of $998,000, costs of $283,000,
What is the net income for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
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