A company reports the following info: COGS $427,600; sales revenue $1,235,000; common stock $120,000; gain on sale of old delivery truck $1,200; sales returns $17,400; depreciation expense on equipment $82,400; dividends paid to shareholders 280,000. Income tax rate is 25%. Calculate income from operations.

Answer rating: 100% (QA)

To calculate the income from operations we will start with the ... View the full answer