The xyz company has sales of 500000 a gross profit margin, Financial Management

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The xyz company has sales of 500000 a gross profit margin

The XYZ company has sales of $500,000, a gross profit margin of 40%, operating expenses (excluding depreciation) of $70,000, depreciation expense of $30,000, interest expense of $40,000, taxes of $10,000 and dividends paid of $5,000.

What is XYZ's net income?

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Financial Management: The xyz company has sales of 500000 a gross profit margin

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Financial Management: The xyz company has sales of 500000 a gross profit margin

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