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Draiman, Inc., has sales of $600,000, costs of $258,000, depreciation expense of $63,500, interest expense of $30,500, and a tax rate of 40 percent.


Draiman, Inc., has sales of $600,000, costs of $258,000, depreciation expense of $63,500, interest expense of $30,500, and a tax rate of 40 percent.
what is the net income for this firm?

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Dear student Please find... View the full answer

8527370.xlsx

Particulars
Amount
Sales
$600,000.00
Less:Costs
$258,000.00
Less:Depreciation expense
$63,500.00
Earnings before interest and tax $278,500.00
Less: Interest expense
$30,500.00
Earnings before tax...

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