Determining the net income after tax


Federal income tax: united brands corporation just completed their latest fiscal year the firm had sales of $16,650.000. Depreciation and amortization was $832,500 interest expense for the year was $825,000, and selling general and administrative expenses totaled $1,665,000 for the year, and cost of goods sold was $9,900,000 for the year assuming a federal income tax rate of 34%. What was the United Brands net income after tax?

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Finance Basics: Determining the net income after tax
Reference No:- TGS040164

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