McEwen Mining recently reported $130,000 of sales, $72,000 of operating costs other than depreciation, and $10,200...

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McEwen Mining recently reported $130,000 of sales, $72,000 of operating costs other than depreciation, and $10,200 of depreciation. The company had $20,000 of outstanding bonds that carry a 6% interest rate, and its tax rate was 35%. How much was the firm's net income? Your answer should be between 25334 and 36870, rounded to even dollars (although decimal places are okay), with no special characters. McEwen Mining recently reported $130,000 of sales, $72,000 of operating costs other than depreciation, and $10,200 of depreciation. The company had $20,000 of outstanding bonds that carry a 6% interest rate, and its tax rate was 35%. How much was the firm's net income? Your answer should be between 25334 and 36870, rounded to even dollars (although decimal places are okay), with no special characters.

Answer rating: 100% (QA)

To calculate the net income we start with sales and subtra... View the full answer