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Delta Ray Brands Corp. just completed theirlatest fiscal year. The firm had sales of $17,565,700. Depreciation andamortization was $872,200, interest expense for the year was
Delta Ray Brands Corp. just completed theirlatest fiscal year. The firm had sales of $17,565,700. Depreciation andamortization was $872,200, interest expense for the year was $895,500, andselling general and administrative expenses totaled $1,421,600 for the year,and cost of goods sold was $9,952,600 for the year. Assuming a federal incometax rate of 34%, what was the Delta Ray Brands net income after-tax? Round to the nearest cent.
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