How much is the net income of the company after tax, Financial Accounting

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How much is the net income of the company after tax

Problem

MNO company would like to know if their company is profitable or not. What they have are only the following data: Sales for the 1st quarter is Php 300,000.00, same with the 3rd & 4th quarters. Second quarter sales are 25% lower than the 1st quarter. While Total Operating Expenses is half of the Gross Profit. Tax rate is 20%. How much is the Net Income of the company after tax? Show your computation.

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Financial Accounting: How much is the net income of the company after tax

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Financial Accounting: How much is the net income of the company after tax

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