Raytheonrsquos state college location had a gross income of


Raytheon’s State College location had a gross income of $20,000,000 in 2015. In 2015 they also paid $3,000,000 in employee salaries, $4,000,000 in operating and maintenance costs, $800,000 in depreciation expense, $200,000 in loan principal payment, and $210,000 in loan interest payment. Calculate the net income of Raytheon State College for 2015.

Request for Solution File

Ask an Expert for Answer!!
Business Economics: Raytheonrsquos state college location had a gross income of
Reference No:- TGS01479349

Expected delivery within 24 Hours