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  • Sep 15, 2013, 04:28 PM
    azhlha
    Finance question
    Madison Metals recently reported $9000 of sales, $6000 of operating costs other than depreciation, and $1500 of depreciation. The company had no amortization charges and non-operating income. It had issued $4000 of bonds that carry a 7% interest rate, and its federal- plus- state income tax rate was 40% what was the firm's taxable or pre-tax, income?
  • Sep 15, 2013, 04:33 PM
    N0help4u
    Looks like you have some adding, subtracting and multiplying to do. Then you can ask us if you have it right.

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