Question
Delta Ray Brands Corp. just completed their latest fiscal year. The firm had sales of $16,918,700. Depreciation and amortization was $871,400, interest expense for the
Delta Ray Brands Corp. just completed their latest fiscal year. The firm had sales of $16,918,700. Depreciation and amortization was $871,400, interest expense for the year was $897,600, and selling general and administrative expenses totaled $1,596,000 for the year, and cost of goods sold was $10,536,200 for the year. Assuming a federal income tax rate of 34%, what was the Delta Ray Brands net income after-tax?
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Financial Accounting: A Business Process Approach
Authors: Jane L. Reimers
3rd edition
978-013611539, 136115276, 013611539X, 978-0136115274
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