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A firm had the following accounts and financial data for the most recent fiscal year: Sales $ 5,400 Accounts Receivable 800 Interest Expense 241 Total

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A firm had the following accounts and financial data for the most recent fiscal year: Sales $ 5,400 Accounts Receivable 800 Interest Expense 241 Total Operating Expense 1200 Accounts Payable 300 Cost of Goods Sold 3,200 Preferred Stock Dividends 25 Tax rate 35% Shares Outstanding 1,500 The firm's after-tax profit for the year was $265.65 O $818.35 O $650.00 O $493.35 0 - $221.65

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