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Rickos Rickos
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6 years ago
Using the information provided, calculate net income for 2017. Assume a tax rate of 35 percent.
   Year    2017
   Inventory    $5,000
   Revenues    200,000
   Depreciation expense    5,000
   Cost of goods sold    100,000
   Interest expense    10,000
   Operating expenses    30,000
A) $35,750
B) $44,000
C) $50,000
D) $19,250
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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vanrheevanrhee
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6 years ago
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Rickos Author
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6 years ago
I really needed your help, thank you! Smiling Face with Glasses
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