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Emery, Industries had sales last year of $150,500 with a tax rate of 22%, interest expense of $1,500, fixed operating costs of $40,000, and depreciation
Emery, Industries had sales last year of $150,500 with a tax rate of 22%, interest expense of $1,500, fixed operating costs of $40,000, and depreciation of $20,000. If their cost of goods sold was 30% of sales, what was their net income?
$39,123
$34,203
$69,420
$10,740
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