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Calculating Net Income of Firms

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Centennial Brewery produced revenues of $1,145,227 in 2008. It has expenses (excluding depreciation) of $812,640, depreciation of $131,335, and interest expense of $81,112. It pays an average tax rate of 34 percent. What is the firm's net income after taxes?

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Solution Summary

The solution gives detailed steps on calculating the net income after taxes of a given company. All formula and calculations are shown and explained.

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