Likeline Inc has sales

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Likeline Inc has sales
(TCO 1) Likeline, Inc., has sales of $445,000, costs of $173,000, depreciation expense of $72,000, interest expense of…

 

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Likeline Inc has sales

Likeline Inc has sales

BUSN 379 Final Exam A+

(TCO 1) Likeline, Inc., has sales of $445,000, costs of $173,000, depreciation expense of $72,000, interest expense of $36,000, and a tax rate of 35 percent. What is their net income? (Points : 20)

Sales                            $445,000

Less:

Cost                             $173,000

Depreciation                $72,000….