Banana Box Corporation has sales of $4,624,298; income tax of $501,229; the selling, general and administrative expenses of $208,980

Banana Box Corporation has sales of $4,624,298; income tax of $501,229; the selling, general and administrative expenses of $208,980; depreciation of $311,181; cost of goods sold of $2,532,613; and interest expense of $189,901. Calculate the amount of the firm’s income before tax?

Expert Solution

Particulars	Amount
Sales	4624298
Less: cost of goods sold	2532613
Less: selling, general and administrative expenses	208980
Less: interest expense	189901
Less: depreciation	311181
Profit before tax	1381623

jeff jeffy answered 3 years ago

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