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Given the following data from Swamp & Sand Industries, calculate the NI. The tax rate is 30%. Sales 1100 Cost...

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Finance

Given the followingdata from Swamp & Sand Industries, calculate the NI. The taxrate is 30%.

Sales1100
Cost of Sales   400
SGA320
Depreciation82
Interest Expense     8
NWC21
CapEx120
Dividends26

Note SGA does notinclude depreciation.

Answer & Explanation Solved by verified expert
4.5 Ratings (898 Votes)

Swamp & Sand Industries
Income Statement
Particulars Amount  
Sales               1,100
Less: Cost of sales                  400
Less: SGA                  320
Less: Depreciation Expenses                   82
Earnings Before Interest & Tax (EBIT)                  298
Less: Interest Expenses                     8
Earnings Before Tax (EBT)                  290
Less: Tax at 30%                   87
Net Income                 203

Hence, the Net Income for Swamp & Sand Industries = 203
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Given the followingdata from Swamp & Sand Industries, calculate the NI. The taxrate is 30%.Sales1100Cost of Sales   400SGA320Depreciation82Interest Expense     8NWC21CapEx120Dividends26Note SGA does notinclude depreciation.

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