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    Principles of Managerial Finance
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    Exam 3: Financial Statements and Ratio Analysis
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    Firm ABC Had Operating Profits of $100,000, Taxes of $17,000
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Firm ABC Had Operating Profits of $100,000, Taxes of $17,000

Question 118

Question 118

Multiple Choice

Firm ABC had operating profits of $100,000, taxes of $17,000, interest expense of $34,000, and preferred dividends of $5,000. What was the firm's net profit after taxes?


A) $66,000
B) $49,000
C) $44,000
D) $83,000

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