Multiple Choice
Leon Division had interest expense of $94,400.Its income tax rate was 32%.Leon Division generated net income totaling $784,400.With $2,400,000 of assets invested in Leon Division, for how much profit is the Leon Division manager responsible?
A) $631,192
B) $819,608
C) $848,592
D) $725,208
Correct Answer:
Verified
Correct Answer:
Verified
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