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Question: ABC expects sales of $20,179,000 this year. The cost of goods sold is expected to be $11,170,000 while selling, general and administrative (SGA) expenses are forecast to be $4,207,000. The firm expects depreciation expenses to be $147,000 and expects to pay an average interest rate of 5.2% on its $4,454,000 of interest-bearing debt. 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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Category:- Basic Finance
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