During the year, Company C had sales of $5,200,000. The cost of goods sold was $3,900,000, and depreciation expense was $950,000. The company had net interest expense of $425,000 and a tax rate of 25%. What is Company C's net income?

During the year, Company C had sales of $5,200,000. The cost of goods sold was $3,900,000, and depreciation expense was $950,000. The company had net interest expense of $425,000 and a tax rate of 25%. What is Company C'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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During the year, Company C had sales of $5,200,000.
The cost of goods sold was $3,900,000, and depreciation
expense was $950,000. The company had net interest
expense of $425,000 and a tax rate of 25%. What is
Company C's net income?

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