estion 4calculate the net income from the following information: sales $537,000; variable costs $346,800; depreciation $94,500; and tax rate is 21%Ⓒ$75,760O $75,761Ⓒ$75,762$75,763

Net income, also referred to as net profit or net earnings, is a key financial metric that…

Answered: calculate the net income from the…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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calculate the net income from the following information: sales $537,000; variable costs $346,800; depreciation $94,500; and tax rate is 21% O $75,760 O $75,761 O $75,762 $75,763