What is the net income of the firm? ofK&H Roach Exterminators, Inc., has sales$635,000, costs of $421,000,depreciation expense of $49,000, interestexpense of $21,000, and a tax rate of 37percent. What is the net income of thefirm?

Explanation of Gross Profit: Gross profit represents the difference between a company's sales…

Answered: of K&H Roach Exterminators, Inc., has…

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter2: Financial Statements, Cash Flow,and Taxes

Section: Chapter Questions

Problem 4P: Nicholas Health Systems recently reported an EBITDA of $25.0 million and net income of $15.8...

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of K&H Roach Exterminators, Inc., has sales $635,000, costs of $421,000, depreciation expense of $49,000, interest expense of $21,000, and a tax rate of 37 percent. What is the net income of the firm?