Reference no: EM131834587
For the month of July, Acme Pest Control had
Sales of $13,500,
Cost of goods sold of $4,000,
Selling expenses of $3,500,
Depreciation of $2,000,
Marketing expense of $1,000,
Interest expense of $2,000, and
a tax rate of 34%. They also
purchased a van for $28,000.
What is Acme's operating income?
What is Acme's taxable income and tax expense?
What is Acme's net income?
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