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he following information is given to you relating to the operations of Princehal Corporation: The income tax rate is 40%. Net sales Cost of sales Gross margin Selling, general, and administrative expenses Depreciation, amortization, and asset write-offs Total operating expenses: Income from operations: Interest expense 91 Interest and other income 11 Earnings before income taxes: Income taxes Net earnings: $11,862 8,321 ? $ 2,743 278 ? ? 2 2 2 Determine the nest income of the company 1 POINT The following information is given to you relating to the operations of PrincehallCorporation: The income tax rate is 40%. $11,862 8,321 Net sales Cost of sales Gross margin Selling, general, and administrative expenses Depreciation, amortization, and asset write-offs Total operating expenses: Income from operations: Interest expense 91 Interest and other income 11 Earnings before income taxes: Income taxes Net earnings: $ 2,743 278 ? ? 2 What was the income tax expense? 1 POINT The following information is given to you relating to the operations of PrincehallCorporation: The income tax rate is 40%. Net sales Cost of sales Gross margin Selling, general, and administrative expenses Depreciation, amortization, and asset write-offs Total operating expenses: Income from operations: Interest expense 91 Interest and other income 11 Earnings before income taxes: Income taxes Net earnings $11,862 8,321 ? $ 2,743 278 ? ? ? ? Determine the earnings before taxes 1 POINT The following information is given to you relating to the operations of PrincehallCorporation: The income tax rate is 40%. Net sales Cost of sales Gross margin Selling, general, and administrative expenses Depreciation, amortization, and asset write-offs Total operating expenses: Income from operations: Interest expense 91 Interest and other income 11 Earnings before income taxes: Income taxes Net earnings: $11,862 8,321 ? $ 2,743 278 ? ? ? ? 2 Calculate the income from operations: 1 POINT The following information is given to you relating to the operations of PrincehallCorporation: The income tax rate is 40% Net sales Cost of sales Gross margin Selling, general, and administrative expenses Depreciation, amortization, and asset write-offs Total operating expenses: Income from operations: Interest expense 91 Interest and other income 11 Earnings before income taxes: Income taxes: Net earnings: $11,862 8,321 $ ? $ 2,743 278 ? 2 ? 2 Determine the total operating expenses 1 POINT The following information is given to you relating to the operations of PrincehallCorporation: The income tax rate is 40%. $11,862 8,321 Net sales Cost of sales Gross margin Selling, general, and administrative expenses Depreciation, amortization, and asset write-offs Total operating expenses: Income from operations Interest expense 91 Interest and other income 11 Earnings before income taxes: Income taxes Net earnings: $ 2,743 278 ? ? 2 2 Calculate the Gross Margin