Compute the income after income tax given the following: Net Sales of 100,00,00.00; Marketing Expense of 5,000,000.00; Tax Rate of 30%. Based on the latest income statement, revenue is 500,000,000.00; COGS is 400,000,000.00 and operating expense amounted to 40,000,000.00. Income after income tax is _____.
Compute the income after income tax given the following: Net Sales of 100,00,00.00; Marketing Expense of 5,000,000.00; Tax Rate of 30%. Based on the latest income statement, revenue is 500,000,000.00; COGS is 400,000,000.00 and operating expense amounted to 40,000,000.00. Income after income tax is _____.
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 3P
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Compute the income after income tax given the following: Net Sales of 100,00,00.00; Marketing Expense of 5,000,000.00; Tax Rate of 30%. Based on the latest income statement, revenue is 500,000,000.00; COGS is 400,000,000.00 and operating expense amounted to 40,000,000.00. Income after income tax is _____.
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