Cullumber Corporation had revenues of $875,030 in 2017. It also had expenses (excluding depreciation) of $358,240, depreciation of $103,471, and interest expense of $52,436. What was the company’s net income after taxes if its average tax rate was 40 percent? (Round answer to 2 decimal places, e.g. 15.25.) Company’s net income $enter the Company’s net income rounded to 2 decimal places
Cullumber Corporation had revenues of $875,030 in 2017. It also had expenses (excluding depreciation) of $358,240, depreciation of $103,471, and interest expense of $52,436. What was the company’s net income after taxes if its average tax rate was 40 percent? (Round answer to 2 decimal places, e.g. 15.25.) Company’s net income $enter the Company’s net income rounded to 2 decimal places
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Cullumber Corporation had revenues of $875,030 in 2017. It also had expenses (excluding
Company’s net income | $enter the Company’s net income rounded to 2 decimal places |
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