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Net Income Assignment | Homework For You

You are given the following information about Clarkesville Plumbing Company. Revenues in 2017 totaled 846,543, depreciation expenses 96,778, costs of goods sold 371,264, and interest expenses 50,067. At the end of the year, current assets were $121 and current liabilities were $107. The company has an average tax rate of 21 percent. Calculate its net income by setting up an income statement. Round to two decimal places. Get Finance homework help todayHomework For You

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