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What is your estimate of the firm net income

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Question - The S&H Construction Company expects to have total sales next year totaling 15,500.000. In addition, the firm pays taxes at 35 percent and will owe 287,000 in interest expense. Based on last year's operations the firm's management predicts that its cost of goods sold will be 58 percent of sales and operating expenses will total 31 percent. What is your estimate of the firm's net income (after taxes) for the coming year?

Reference no: EM133138036

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