Question

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
​

Answer 1

Net income/profit = 108,040

Step-by-step explanation:

Sales 576,000

Cost -382,000

Interest expense -15,000

Depreciation expense -31,000

Taxation -39,960

Net Income 108,040