What is the expected net income for year

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Reference no: EM131919592

ABC expects sales of $20,339,000 this year. The cost of goods sold is expected to be $10,018,000 while selling, general and admin (SGA) expenses are forecast to be $4,091,000. The firm expects depreciation expenses to be $248,000 and expects to pay an average interest rate of 4.6% on its $4,147,000 of liabilities. Given its tax rate of 40%, what is the expected net income for ABC this year? (If it is a negative, be sure and enter a negative sign)

Reference no: EM131919592

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