Sidewinder, Inc., has sales of $654,000, costs of $333,000, depreciation expense of $78,000, interest expense of...

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Sidewinder, Inc., has sales of $654,000, costs of $333,000, depreciation expense of $78,000, interest expense of...

Sidewinder, Inc., has sales of $654,000, costs of $333,000, depreciation expense of $78,000, interest expense of $43,000, and a tax rate of 25 percent. What is the net income for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

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Answer 1

Answer #1

Sales	$654,000
Costs	$333,000
Depreciation	$78,000
EBIT	$243,000
Interest expense	$43,000
Taxable income	$200,000
Taxes(25%)	$50,000
Net income	$150,000

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Answer 2

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