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Calculate Net Income Given the Following Information: Tax Rate =

Question 23

Multiple Choice

Calculate net income given the following information: tax rate = 30%; times interest earned = 10.75 times; sales = $4,500; cost of goods sold = $1,600; general and administrative expenses = $750.


A) $965
B) $1,065
C) $1,165
D) $1,265
E) $1,365

Correct Answer:

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