You have the following income statement data: $850 $499 Sales Cost of goods sold (Depreciation not...

 

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You have the following income statement data: $850 $499 Sales Cost of goods sold (Depreciation not included) Depreciation $100 Interest expense $60 Tax rate 30% Calculate net income. Round your answer to 2 decimal points; example 234.12. You have the following income statement data: $850 $499 Sales Cost of goods sold (Depreciation not included) Depreciation $100 Interest expense $60 Tax rate 30% Calculate net income. Round your answer to 2 decimal points; example 234.12.

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To calculate net income you subtract expenses from revenue and then ap... View the full answer