-The Brick Company Has Announced the Following Financial Information for the Period

Multiple Choice

-The Brick Company has announced the following financial information for the period ending March 31, 2017: sales of $1.4 million, cost of goods sold of $800,000, depreciation expenses of $175,000, and interest expenses of $90,000. Assume that the firm has an average tax rate of 40 percent. What is the company's net income?

A) $204,000
B) $201,000
C) $203,000
D) $220,000