What is the net income for firm

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Reference no: EM131958405

1. Lifeline, Inc., has sales of $906000, costs of $317000, depreciation expense of $58000, interest expense of $32000, and a tax rate of 36 percent. What is the net income for this firm?

2. Given the following information for Sookie’s Cookies Co., calculate the depreciation expense: sales = $92390; costs = $58920; addition to retained earnings = $860; dividends paid = $110; interest expense = $880; tax rate = 25 percent.

Reference no: EM131958405

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