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…

Answered: Billy's Exterminators, Inc., has sales…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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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%