Answer to Question #298338 in Management for KKKKK

Question #298338

The ABC Company has net sales of $700,000, a gross profit margin of 40%, operating expenses (excluding depreciation) of $120,000, depreciation expense of $18,000, interest expense of $26,000, taxes of $45,000 and dividends paid of $8,000. What is ABc's net income?

Expert's answer

$36,000

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