Sales for lb merielle inc during the past year announced to, Ask an Expert

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Sales for L.B. Merielle Inc. during the past year announced to 5.05 million. The firm provides parts and supplies for oil field service companies. Gross profits for the year were 3.05 million. Operating expenses totaled 1.12 million. The interest income from the securities it owned was 22,000. The firms’ interest expense was 98,000. Calculate the corporation’s tax liability.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91726126

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