Rimier corp forecasts 647000 for 2016. Assume the firm has fixed costs of 253000 and variable costs amounting to 35% of sales. Operating expenses are estimated to include fixed costs of 34000 and a variable point equal to 9.1% Of sales. Interest expenses for the year are estimated to be 24000. Estimate ringers net profits before taxes for 2016.

Sales revenue

Less cost of goods sold

Fixed cost

Variable cost

Gross profit

Less operating expense

Fixed expense

Variable expense

Operating profitless

Interest expense ( all fixed)

Net profits before taxes