During the year, Company A had sales of $2,400,000. The cost of goods sold, and depreciation expense were $1,860,000 and $490,000 respectively. The company had a net interest expense of $215,000 and a tax rate of 35%. What is Company A's net income?

During the year, Company A had sales of $2,400,000. The cost of goods sold, and depreciation expense were $1,860,000 and $490,000 respectively. The company had a net interest expense of $215,000 and a tax rate of 35%. What is Company A's 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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Question

What is Company A's net income on these accounting question?

During the year, Company A had sales of $2,400,000.
The cost of goods sold, and depreciation expense were
$1,860,000 and $490,000 respectively. The company
had a net interest expense of $215,000 and a tax rate of
35%.
What is Company A's net income?

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