XYZ Co has disclosed the following financial information for the period ending 12/31/19: sales of $1,522,982, cost of goods sold of $825,220, depreciation expenses of $101,083, and interest expenses of $80,341. Assume that the firm has an average tax rate of 35 percent. What is the company's net income? ( Please round your answer for the Tax and Net income line to the whole number, for example 5. ) Sales COGS ( ? ) Deprecation ( ? ) Interest exp ( ? ) Pre-Tax Income ? Tax ( ? ) Net Income ?
XYZ Co has disclosed the following financial information for the period ending 12/31/19: sales of $1,522,982, cost of goods sold of $825,220, depreciation expenses of $101,083, and interest expenses of $80,341. Assume that the firm has an average tax rate of 35 percent. What is the company's net income? ( Please round your answer for the Tax and Net income line to the whole number, for example 5. ) Sales COGS ( ? ) Deprecation ( ? ) Interest exp ( ? ) Pre-Tax Income ? Tax ( ? ) 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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XYZ Co has disclosed the following financial information for the period ending 12/31/19: sales of $1,522,982, cost of goods sold of $825,220,
( Please round your answer for the Tax and Net income line to the whole number, for example 5. )
| Sales | |
| COGS | ( ? ) |
| Deprecation | ( ? ) |
| Interest exp | ( ? ) |
| Pre-Tax Income | ? |
| Tax | ( ? ) |
| Net Income | ? |
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