Multiple Choice
Your firm has the following income statement items: sales of $50,250,000; income tax of $1,744,000; operating expenses of $8,750,000; cost of goods sold of $35,025,000; and interest expense of $750,000. What is the amount of the firm's net income?
A) $255,223
B) $4,731,000
C) $2,616,000
D) $7,775,000
Correct Answer:
Verified
Correct Answer:
Verified
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