ABC Corporation’s income statement is given below.
Sales…………………………………$260,000
Cost of Goods Sold………………….. 145,000
Gross Profit……………………………115,000
Fixed Charges (other than interest)…… 25,000
Income before interest and taxes………..90,000
Interest…………………………………..30,000
Income before taxes……………………...
ABC Corporation’s income statement is given below.
Sales…………………………………$260,000
Cost of Goods Sold………………….. 145,000
Gross Profit……………………………115,000
Fixed Charges (other than interest)…… 25,000
Income before interest and taxes………..90,000
Interest…………………………………..30,000
Income before taxes……………………...