+ Question:8 Sales COGS Gross profit G&A expenses Sales & Marketing expenses Depreciation Operating income Interest $575,000 $ 1,600,000 $200,000 $ 50,000 $ 100,000 Income Before taxes Income taxes Net income 1: Calculate Sales. 30% $ 700,000 2. Calculate Income before taxes. Taxes are 30%, so you know the Net Income (Y) is a percent of "Income before taxes" (X). 3. Calculate the Income tax figure. 4. Calculate Operating Income.
+ Question:8 Sales COGS Gross profit G&A expenses Sales & Marketing expenses Depreciation Operating income Interest $575,000 $ 1,600,000 $200,000 $ 50,000 $ 100,000 Income Before taxes Income taxes Net income 1: Calculate Sales. 30% $ 700,000 2. Calculate Income before taxes. Taxes are 30%, so you know the Net Income (Y) is a percent of "Income before taxes" (X). 3. Calculate the Income tax figure. 4. Calculate Operating Income.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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