A company has the following data: Sales revenue: $200,000 Cost of goods sold: $100,000 Selling and administrative
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Question:
A company has the following data:
- Sales revenue: $200,000
- Cost of goods sold: $100,000
- Selling and administrative expenses: $50,000
- Depreciation expense: $10,000
- Interest expense: $5,000
- Tax rate: 30%
Calculate the company's net income and return on sales.
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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