Explain what is the net income of the firm for the year

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Reference no: EM13214932

At the end of its third year of operations a company had $4,500,000 in revenues, $3,375,000 in cost of goods sold, $450,000 in operating expenses (including a depreciation expense of $150,000), with a tax liability equal to 35% of the firm's taxable income. What is the net income of the firm for the year?

Reference no: EM13214932

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