Answered: Nataro, Incorporated, has sales of…

Nataro, Incorporated, has sales of $666, 000, costs of $336, 000, depreciation expense of $ 81,000, interest expense of $46, 000, and a tax rate of 23 percent. What is the net income for this firm?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Nataro, Incorporated, has sales of $666, 000,
costs of $336, 000, depreciation expense of $
81,000, interest expense of $46,000, and a
tax rate of 23 percent. What is the net income
for this firm?

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