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Problem:

The S&H construction Company expects to have a total sales next year totaling $15,000,000. In addition, the firm pays taxes at 35% and will owe $300,000 in interest expense. Based on last year's operations the firm's management predicts that its cost of goods sold will be 60% of the sales and operating expenses will total 30%.

Required:

Question: What is your estimate of the firm's net income (after taxes) for the coming year?

Note: Explain all calculation and formulas.

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Category:- Basic Finance
Reference No.:- M91149455

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