Firm ABC had operating profits of $100,000, taxes of $17,000, interest expense of $34,000 and preferred dividends of $5,000. What was the firm's net profit after taxes? a) $66,000 b) $49,000 c) $44,000 d) $83,000

Firm ABC had operating profits of $100,000, taxes of $17,000, interest expense of $34,000 and preferred dividends of $5,000. What was the firm's net profit after taxes? a) $66,000 b) $49,000 c) $44,000 d) $83,000

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 10P: The Moore Corporation has operating income (EBIT) of 750,000. The companys depreciation expense is...

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I need answer of this question solution general accounting

Firm ABC had operating profits of $100,000, taxes of $17,000,
interest expense of $34,000 and preferred dividends of $5,000.
What was the firm's net profit after taxes?
a) $66,000
b) $49,000
c) $44,000
d) $83,000

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