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Calculate the profit after tax for euro

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Reference no: EM131568512

Question - The Following information is for two companies EURO and AUSSIE.

 

 

Company EURO

Company AUSSIE

Sales

$320,000

$400,000

Cost of Goods Sold

$96,000

$144,000

Marketing Expenses

$48,000

$64,000

Administration Expenses

$32,000

$48,000

Interest

$48,000

$72,000

 

Both EURO and AUSSIE pay tax at a rate of 30% of the profits before tax

 

a) Calculate the Profit After Tax for EURO and AUSSIE.

 

b) Calculate the Times Interest Coverage for EURO and AUSSIE.

Reference no: EM131568512

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