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Papa Roach Exterminators, Inc., has sales of $584,000, costs of $315,000, depreciation expense of $45,000, interest expense of $21,000, and a tax rate of 35 percent. What is the net income of the firm? a. $131,950 b. $197,950 c. $152,950 d. $176,950 e. $-1,400

Papa Roach Exterminators, Inc., has sales of $584,000, costs of $315,000, depreciation expense of $45,000, interest expense of $21,000, and a tax rate of 35 percent. What is the net income of the firm? a. $131,950 b. $197,950 c. $152,950 d. $176,950 e. $-1,400

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 11P: The Berndt Corporation expects to have sales of 12 million. Costs other than depreciation are...
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Papa Roach Exterminators, Inc., has sales of $584,000, costs of $315,000, depreciation expense of $45,000, interest expense of $21,000, and a tax rate of 35 percent. What is the net income of the firm? a. $131,950 b. $197,950 c. $152,950 d. $176,950 e. $-1,400
Transcribed Image Text:Papa Roach Exterminators, Inc., has sales of $584,000, costs of $315,000, depreciation expense of $45,000, interest expense of $21,000, and a tax rate of 35 percent. What is the net income of the firm? a. $131,950 b. $197,950 c. $152,950 d. $176,950 e. $-1,400
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