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What is lenox net income after taxes for the first quarter

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Reference no: EM133177913

Question - Lenox, Inc. has an income tax rate of 20%. During the first quarter of 2018, Lenox reports the following activities:

Gross revenue of $475,000.

Sales returns of $3,600.

Sales discounts of $6,400.

Cost of goods sold of $242,600.

Wage expense of $127,200.

Total other operating expenses (depreciation, utilities, etc.) of $83,500.

A gain on the sale of used equipment of $3,400.

Required -

What is Lenox's net revenue for the 1st quarter?

What is Lenox's gross profit for the 1st quarter?

What is Lenox's operating income for the 1st quarter?

What is Lenox's pretax income for the 1st quarter?

What is Lenox's income tax expense for the 1st quarter?

What is Lenox's net income after taxes for the 1st quarter?

Reference no: EM133177913

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