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For the past year, Momsen, Ltd., had sales of $44,042, interest expense of $2,918, cost of goods sold of $14,559, selling and administrative expense of
For the past year, Momsen, Ltd., had sales of $44,042, interest expense of $2,918, cost of goods sold of $14,559, selling and administrative expense of $10,626, and depreciation of $4,675. If the tax rate was 35 percent, what was the company's net income? O O $6,300 $7,885 $11,264 O $14,220 $14,229 O O $7,322
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