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What is the net income of company Y if the company Y has sales= € 61186  costs=...

What is the net income of company Y if the company Y has sales= € 61186  costs= € 30438 other expenses= € 4500 depreciation expense= € 6200 interest expense= € 5000 the tax rate 35%. What is the net income?

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Answer #1
Calculation of Net Income of a Company Y
Particulars Amount
Sales 61186
Less: Expenses
Costs 30438
Depreciation 6200
Other Expenses 4500
Total 41138
Earnings before Interest & Tax (EBIT) 20048
Less:
Interest Expense 5000
Earnings before Tax (EBT) 15048
Less:
Tax Expense @35%   (15048*35%) 5266.80
Earnings after tax (EAT)/ Net Income 9781.20

Note: Earnings after Tax (EAT) is also known as Net Earnings or Net Income or Net Profit.

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