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Liberty Services has the following financials: • Sales $950,000 Costs $420,000 . Depreciation expense $60,000 • • Interest expense = $40,000 • Tax rate = 30% What is the net income?

Liberty Services has the following financials: • Sales $950,000 Costs $420,000 . Depreciation expense $60,000 • • Interest expense = $40,000 • Tax rate = 30% What is the net income?

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 4P: Talbot Enterprises recently reported an EBITDA of $8 million and net income of $2.4 million. It had...
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Liberty Services has the following financials: • Sales $950,000 Costs $420,000 . Depreciation expense $60,000 • • Interest expense = $40,000 • Tax rate = 30% What is the net income?
Transcribed Image Text:Liberty Services has the following financials: • Sales $950,000 Costs $420,000 . Depreciation expense $60,000 • • Interest expense = $40,000 • Tax rate = 30% What is the net income?
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