What is your estimate of the firm''s net income for the

What is your estimate of the firm''s net income for the comin

Reference no: EM13265158

Blossom Lawns expects to have total sales next year totaling $15,000,000 and the firm pays taxes at 35% and will owe $300,000 in interest expenses. Based on last year's operations management predicts that its cost of goods sold will be 60% of sales and operating expenses should total 30%. What is your estimate of the firm's net income for the coming year after it meets it tax obligation?

Reference no: EM13265158

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