Garden Pro corporation has sales of 4,516,250;income tax of 321,258; the selling, general and adminstrative expense...

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Garden Pro corporation has sales of 4,516,250;income tax of 321,258; the selling, general and adminstrative expense...

Garden Pro corporation has sales of 4,516,250;income tax of 321,258; the selling, general and adminstrative expense of 215,135;depreciation of 336,329 cost of goods sold of 2,424,000; and interest expense of 192,840. Calculate the firms net income

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Answer 1

Answer #1

Net income = $1,026,688

Calculations:

Sales	4,516,250.00
less: cost of goods sold	2,424,000.00
Gross margin	2,092,250.00
less: operating expenses
SG&A expenses	215,135.00
EBITDA	1,877,115.00
less: depreciation	336,329.00
EBIT	1,540,786.00
less: Interest	192,840.00
PBT	1,347,946.00
less: tax	321,258.00
Net income	1,026,688.00

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Answer 2

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Garden Pro corporation has sales of 4,516,250;income tax of 321,258; the selling, general and adminstrative expense...

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