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Sales = $1000 and costs = $500. Interest expense = $100 and depreciation = $100. The tax rate is 30%. Net income?  A. $210 B. $300 C. $90 D. $270

Sales = $1000 and costs = $500. Interest expense = $100 and depreciation = $100. The tax rate is 30%. Net income?  A. $210 B. $300 C. $90 D. $270

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Sales = $1000 and costs = $500. Interest expense = $100 and depreciation = $100. The tax rate is 30%. Net income? 
A. $210
B. $300
C. $90
D. $270

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The net income is the net profit of the company earned during the period. The net income includes all the revenues and expenses incurred during the year.

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