Andre's Bakery has sales of $687,000 with costs of $492,000. Interest expense is $26,000 and depreciation is $42,000. The tax rate is 35 percent. What is the net income?
a. $42,750
b. $44,450
c. $82,550
d. $86,450
Answer: C
Andre's Bakery has sales of $687,000 with costs of $492,000. Interest expense is $26,000 and depreciation is $42,000. The tax rate is 35 percent. What is the net income?
a. $42,750
b. $44,450
c. $82,550
d. $86,450
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