During the year, Company B had sales of $3,600,000. The cost of goods sold was $2,450,000, and depreciation expense was $680,000. The company had net interest expense of $285,000 and a tax rate of 30%. What is Company B's net income?

During the year, Company B had sales of $3,600,000. The cost of goods sold was $2,450,000, and depreciation expense was $680,000. The company had net interest expense of $285,000 and a tax rate of 30%. What is Company B's net income?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 4P: Talbot Enterprises recently reported an EBITDA of $8 million and net income of $2.4 million. It had...

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Question

What is company bs net income?

During the year, Company B had sales of $3,600,000. The
cost of goods sold was $2,450,000, and depreciation expense
was $680,000. The company had net interest expense of
$285,000 and a tax rate of 30%. What is Company B's net
income?

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