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What is Xanth Corporation Net Income

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Question - Xanth Corporation is a Canadian Company. They have an income statement that includes the following data: Cost of Goods Sold = $150,000; Income Taxes = $25,000; Administrative Expenses = $11,000; Interest Expense = $6,000; Depreciation Expense = $4,000. Their average tax rate was 25%. No depreciation expenses is included in cost of goods sold or administrative expenses. What is Xanth Corporation's Net Income?

Reference no: EM133018687

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