XYZ Co has disclosed the following financial information for the period ending 12/31/19: sales of...

50.1K

Verified Solution

Question

Finance

XYZ Co has disclosed the following financial information for the period ending 12/31/19: sales of $ 1,507,442, cost of goods sold of $ 822,050, depreciation expenses of $ 100,485, and interest expenses of $ 81,562. Assume that the firm has an average tax rate of 35 percent. What is the company's net income? ( Please round your answer for the Tax and Net income line to the whole number, for example 5. )

Sales
COGS ( )
Deprecation ( )
Interest exp ( )
Pre-Tax Income
Tax ( )
Net Income

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students