Answered: Pinakin Inc. has sales of $680,000 and…

Pinakin Inc. has sales of $680,000 and costs of $305,000. Interest expense is $25,000 and depreciation is $53,000. The tax rate is 37%. What is the 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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Pinakin Inc. has sales of $680,000 and costs of $305,000. Interest expense is $25,000 and depreciation is $53,000. The tax rate is 37%. What is the net income?

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