Abc expects sales of 19219000 this year the cost of goods, Ask an Expert

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ABC expects sales of $19,219,000 this year. The cost of goods sold is expected to be $8,127,000 while selling, general and admin (SGA) expenses are forecast to be $4,096,000. The firm expects depreciation expenses to be $292,000 and expects to pay an average interest rate of 4% on its $4,046,000 of liabilities. Given its tax rate of 40%, what is the expected net income for ABC this year? (If it is a negative, be sure and enter a negative sign)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92398314

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