1 You have the following data: (OMR)- Sales 35000- COGS 15000- Operating expenses 3000- Income tax 1000Calculate the net income after taxAnswer:

Net profit is also called the profit available to the shareholders or Profit available after meeting…

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Calculate the net income after tax

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter2: Financial Statements, Cash Flow,and Taxes

Section: Chapter Questions

Problem 15P: Use the following income statement of Elliott Game Theory Consulting to determine its net operating...

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Question

You have the following data: (OMR)
- Sales 35000
- COGS 15000
- Operating expenses 3000
- Income tax 1000
Calculate the net income after tax
Answer:

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