Kennedy Investment Advisors has total sales of $975,000, costs of $410,000, depreciation expense of $65,000, and an interest expense of $38,000. The company has a tax rate of 25%. What is Kennedy Investment Advisors' net income?

Kennedy Investment Advisors has total sales of $975,000, costs of $410,000, depreciation expense of $65,000, and an interest expense of $38,000. The company has a tax rate of 25%. What is Kennedy Investment Advisors' 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 kennedy investment advisors net income ?

Kennedy Investment Advisors has total
sales of $975,000, costs of $410,000,
depreciation expense of $65,000, and an
interest expense of $38,000. The company
has a tax rate of 25%.
What is Kennedy Investment Advisors' net
income?

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