What was the companys current year net income
Problem
During the current fiscal year, a company had revenues of $420,000, cost of goods sold of $280,000, and an income tax rate of 36 percent on income before income taxes. What was the company's current year net income?
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During the current fiscal year, a company had revenues of $420,000, cost of goods sold of $280,000. What was the company's current year net income?
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