Satriale's meats had operating profits of $100,000, taxes of $17,000, interest expense of $34,000 and preferred dividends

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Satriale's meats had operating profits of $100,000, taxes of $17,000, interest expense of $34,000 and preferred dividends of $5,000.

What was the store's net profits after taxes?

Related Book For answer-question

Introduction to Financial Accounting

ISBN: 978-0133251036

11th edition

Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick

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Posted Date: Mar 25, 2024 10:53 PM

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Satriale's meats had operating profits of $100,000, taxes of $17,000, interest expense of $34,000 and preferred dividends

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Net profit after taxes is calculated by subtracting taxes interest exp... View the full answer

Introduction to Financial Accounting

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