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XYZ Company has sales revenue of P40,000,000 and a cost of goods sold of P9,000,000 with the following incurred expenses: • Operating expense P4M Selling and administrative expense P2M • Interest expense P1M • tax P1M Calculate the following: 1. Net Income 2. Gross Profit

XYZ Company has sales revenue of P40,000,000 and a cost of goods sold of P9,000,000 with the following incurred expenses: • Operating expense P4M Selling and administrative expense P2M • Interest expense P1M • tax P1M Calculate the following: 1. Net Income 2. Gross Profit

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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XYZ Company has sales revenue of P40,000,000 and a cost of goods sold of P9,000,000 with the following incurred expenses: • Operating expense P4M • Selling and administrative expense P2M • Interest expense P1M • tax P1M Calculate the following: 1. Net Income 2. Gross Profit
Transcribed Image Text:XYZ Company has sales revenue of P40,000,000 and a cost of goods sold of P9,000,000 with the following incurred expenses: • Operating expense P4M • Selling and administrative expense P2M • Interest expense P1M • tax P1M Calculate the following: 1. Net Income 2. Gross Profit
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