(Solution) - Income computation for a manufacturing firm The following data -(2025 Original AI-Free Solution)

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Income computation for a manufacturing firm. The following data relate to GenMet, a U.S.-based consumer goods manufacturing firm, for the fiscal year ending October 31, 2008. Reported amounts are in million of U.S. dollars ($).

GenMet incurred Manufacturing costs (direct material, direct labor, manufacturing overhead) during fiscal 2008 totaling $2,752.0. Sales revenue was $6,700.2, selling and administrative expenses were $2,903.7, and interest expense was $151.9. The income tax rate is 35%. Compute GenMet?s net income for fiscal2009.