In the most recent fiscal year, XYZ Corp. reported sales of…
In the most recent fiscal year, XYZ Corp. reported sales of $185 million with COGS of $130 million, SGA of $27 million, and depreciation of $2 million. They made interest payments of $3 million. They had no non-operating income or expenses. They paid $5 million in taxes, all of which were current.What was XYZ Corp.’s net operating profits, after-taxes, for the year?
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