Emery mining inc recently reported 130000 of sales 75500 of, Ask an Expert

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Emery Mining Inc. recently reported $130,000 of sales, $75,500 of operating costs other than depreciation, and $10,200 of depreciation. The company had $16,500 of outstanding bonds that carry a 7.25% interest rate, and its federal-plus-state income tax rate was 35%. How much was the firm's net income? The firm uses the same depreciation expense for tax and stockholder reporting purposes. (Round your intermediate and final answers to two decimal places.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92311454

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