Lifeline, Inc., has sales of $808,495, costs of $243,563, depreciation expense of $79,191, interest expense of...

 

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Lifeline, Inc., has sales of $808,495, costs of $243,563, depreciation expense of $79,191, interest expense of $28,498, and a tax rate of 39 percent. What is the net income for this firm? (Hint: Build the Income Statement) Lifeline, Inc., has sales of $808,495, costs of $243,563, depreciation expense of $79,191, interest expense of $28,498, and a tax rate of 39 percent. What is the net income for this firm? (Hint: Build the Income Statement)

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