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%
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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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fca1c758d-cc42-4136-bcd0-8754cbed7774%2F62ed6d21-88e1-4e4e-b3e8-b5dbda5fe087%2Fd6p6kjm_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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