Business, 22.07.2020 17:01 damienwoodlin6

Suppose Ningbo Steel had sales revenue of $11,000 sales revenue, cost of goods sold of $5,000, operating expenses of $3000, interest expense of $1,000, a tax rate of 20%, and 1,000 shares of common stock outstanding. Based on this information, net profit after tax was:. A. $1,600
B. $500
C. $1,000
D. $0

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Suppose Ningbo Steel had sales revenue of $11,000 sales revenue, cost of goods sold of $5,000, opera...

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