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16 October, 17:44

Sams Bakery has sales of $576,000 with cost of $382,000. Intrest expense is 15,000 and depreciation is 31,000. The tax rate is 27% what is the incom

e? can you show the work

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  1. 16 October, 19:39
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    Net income/profit = 108,040

    Explanation:

    Sales 576,000

    Cost - 382,000

    Interest expense - 15,000

    Depreciation expense - 31,000

    Taxation - 39,960

    Net Income 108,040
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