Company ZZZ reports net income for 2007 of $2.4 million on total revenue of $30 million. Deprecton expense totaled $1 million. What were total expense for 2007.
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Company ZZZ reports net income for 2007 of $2.4 million on total revenue of $30 million. Deprecton expense totaled $1 million. What were total expense for 2007.
Company ZZZ reports net income for 2007 of $2.4 million on total revenue of $30 million. Deprecton expense totaled $1 million. What were total expense for 2007.
Think about it. If revenues were 30 and net income is 2.4, what would expenses HAVE to be? The depreciation is a red herring.
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