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Bobs Burgers had sales of $2,250,000 last year with fixed operating costs of $450,000, depreciation of $80,000, and interest expense of $50,000. If their tax
Bobs Burgers had sales of $2,250,000 last year with fixed operating costs of $450,000, depreciation of $80,000, and interest expense of $50,000. If their tax rate was 30% and cost of goods sold ran 35% of sales, what was their net income?
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