Multiple Choice
Triumph Trading Company provided the following information to its auditors. For the year ended June 30, 2013, the company had revenues of $1,122,878, operating expenses (excluding depreciation and leasing expenses) of $612,663, depreciation expenses of $231,415, leasing expenses of $126,193, and interest expenses equal to $87,125. If the company's tax rate was 30 percent, what is its profit after tax?
A) $45,837
B) $65,482
C) $152,607
D) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
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