In the most recent fiscal year, XYZ Corp. reported sales of…
In the most recent fiscal year, XYZ Corp. reported sales of $146 million with COGS of $100 million, SGA of $23 million, and depreciation of $2 million. They made interest payments of $2 million. They had no non-operating income or expenses. They paid $4 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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