We have been given that,
illy’s Exterminators, Inc
has sales of $97041,
costs of $2533,
depreciation expense of $2175,
interest expense of $1590,
and a tax rate of 33 percent.
Now we prepare income statement of company as follow
| Billy’s Exterminators, Inc | |
| income statement | |
| Particular | Amount in$ |
| Sales | 97041 |
| Less: | |
| Cost | 2533 |
| Depreciation | 2175 |
| EBIT | 92333 |
| interest | 1590 |
| BDT | 90743 |
| Tax at 33% | 29945.19 |
| Net Income | 60797.81 |
Net income of the company is $ 60,797.81
