Homework Help is Here – Start Your Trial Now!
Business
Accounting
Horizon Pest Control, Inc. has sales of $690,000, costs of $385,000, depreciation expense of $55,000, interest expense of $28,000, and a tax rate of 32%. What is the net income of the firm?

Horizon Pest Control, Inc. has sales of $690,000, costs of $385,000, depreciation expense of $55,000, interest expense of $28,000, and a tax rate of 32%. What is the net income of the firm?

Intermediate Financial Management (MindTap Course List)
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...
See similar textbooks
icon
Related questions
Question

What is the net income of the firm on these financial accounting question?

Horizon Pest Control, Inc. has sales of $690,000, costs of $385,000, depreciation expense of $55,000, interest expense of $28,000, and a tax rate of 32%. What is the net income of the firm?
Transcribed Image Text:Horizon Pest Control, Inc. has sales of $690,000, costs of $385,000, depreciation expense of $55,000, interest expense of $28,000, and a tax rate of 32%. What is the net income of the firm?
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Intermediate Financial Management (MindTap Course…
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS