The following are accounts balance (in thousands) for Malak Company. Calculate Net Income after-tax (show...
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Finance
The following are accounts balance (in thousands) for Malak Company. Calculate Net Income after-tax (show intermediate steps) t=35% for the year ended December 31, 2020.
Net property and equipment
$ 2,000
Accounts receivable
$3,000
Notes payable
$37,000
Revenues
$ 983,000
Supply expenses
$ 255,000
Depreciation expenses
$ 35,000
Labor expense
$300,000
Interest Expenses
$11,000
Stockholders Equity
$61,500
Cash & cash equivalents
$97,000
Long-term debt
$3,500
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