William Blue Pty Ltd has sales of $1600 for the financial year ended 30 June 2015. The associated cost of goods sold is $800. The depreciation charge for the year is $50 and the interest paid was $80. If the average tax rate is 30% then Calculate the net income for the year.

Answer rating: 100% (QA)

To calculate the net income for the financial year we first need to calculat... View the full answer