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Alice LLC reported a net income of $450,000 in the last fiscal year. It also reported $2,000,000 of sales, $350,000 of cost of goods sold,
Alice LLC reported a net income of $450,000 in the last fiscal year. It also reported $2,000,000 of sales, $350,000 of cost of goods sold, $40,000 of operating costs other than depreciation, and $60,000 of depreciation. If federal-plus-state income tax rate was 25%, how much was the firm's interest expenses? $1,550,000$600,000$950,000$750,000
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