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Business, 09.07.2021 16:00 missy9225

Calculate normalized net income. Selling, general and administration expense includes a litigation income of 468.0, and interest expense includes a fine of 155.0. Revenues 67,450.0 Cost of goods sold 30,590.0 Gross profit 36,860.0 Selling, general and administration 11,210.0 Operating profit 25,650.0 Interest income 931.0 Interest expense 570.0 Profit before tax 26,011.0 Tax expense 7,600.0 Net income 18,411.0 Marginal tax rate 20.0%

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Calculate normalized net income. Selling, general and administration expense includes a litigation i...
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