In 2016, ABC Co. has sales of $30,000, costs of $13,000, depreciation expense of $2,000,...
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In 2016, ABC Co. has sales of $30,000, costs of $13,000, depreciation expense of $2,000, and interest expense of $600. Assume that the tax rate is 34%. The company has 15,000 shares outstanding. 1) (3 points) What is the net income of the company for 2016? Prepare the income statement of ABC Co. for 2016 to answer the question. 2) (2 points) What is EPS (Earnings per share) of the company for 2016
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