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A firm has the following accounts and financial data for 2015: Sales Revenue of $2,500, Cost of Goods Sold of $1,400, Accounts Receivable of $550,
A firm has the following accounts and financial data for 2015: Sales Revenue of $2,500, Cost of Goods Sold of $1,400, Accounts Receivable of $550, Dividends of $20, Depreciation Expense of $150, Interest Expense of $116, Tax Rate of 40%, Total Cash Operating Expenses of $500 and Number of Shares Outstanding of 1,000. The firm's net income for 2015 was ___________. Select one: a. $200.40 b. $334.00 c. $133.60 d. $290.40 e. $193.60
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