Business, 26.12.2019 00:31 angellv917

During 2015, rainbow umbrella corp. had sales of $730,000. cost of goods sold, administrative and selling expenses, and depreciation expenses were $450,000, $90,000, and $160,000, respectively. in addition, the company had an interest expense of $92,000 and a tax rate of 35 percent. (ignore any tax loss carryback or carryforward provisions.)

a. what is the company's net income for 2015?

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During 2015, rainbow umbrella corp. had sales of $730,000. cost of goods sold, administrative and se...

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