ABC Company has the following information for the year ended December 31, 2022: Sales revenue: $1,500,000 Cost of goods sold: $800,000 Operating expenses: $300,000 Interest expense: $50,000 Income tax rate: 30% Calculate the net income for ABC Company for the year ended December 31, 2022.
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ABC Company has the following information for the year ended December 31, 2022:
Sales revenue: $1,500,000
Cost of goods sold: $800,000
Operating expenses: $300,000
Interest expense: $50,000
Income tax rate: 30%
Calculate the net income for ABC Company for the year ended December 31, 2022.
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