Given the following information, what is the Net Income of the company?
Sales: $165,000,
Shareholder’s Equity: 65,000,
Current Assets: 20,000,
Tax Rate 35%,
Depreciation Expense: $25,000,
Cost of Sales: $125,000,
Interest: $2,000,
Fixed Assets: 80,000,
Current Liabilities: 20,000.

Answer rating: 100% (QA)

Step 1 1 We are required to calculate Net Income of the Company which is ca... View the full answer