If the following financial information related to XYZ Company. Total Revenues last year $970, depreciation expenses $50, costs of goods sold $450, and interest expenses $55. At the end of the year, current assets were $121 and current liabilities were $107. The company has an average tax rate of 35%.
Calculate the net income for XYZ Company by setting up an income statement.

Answer rating: 100% (QA)

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