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-Browning Cookware,Inc

Question 6

Multiple Choice

-Browning Cookware,Inc.has the following income statement items: sales of $50,250,000;operating expenses of $10,115,000;cost of goods sold of $35,025,000;and interest expense of $750,000.If the firm's income tax rate is 34%,what is the amount of the firm's income tax liability? A) $1,665,000 B) $725,000 C) $385,000 D) $1,482,400
-Browning Cookware,Inc.has the following income statement items: sales of $50,250,000;operating expenses of $10,115,000;cost of goods sold of $35,025,000;and interest expense of $750,000.If the firm's income tax rate is 34%,what is the amount of the firm's income tax liability?


A) $1,665,000
B) $725,000
C) $385,000
D) $1,482,400

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