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For the past year, Momsen, Ltd., had sales of $45,602, interest expense of $3,542, cost of goods sold of $15,959, selling and administrative expense of
For the past year, Momsen, Ltd., had sales of $45,602, interest expense of $3,542, cost of goods sold of $15,959, selling and administrative expense of $11,386, and depreciation of $5,835. If the tax rate was 40 percent, what was the company's net income?
A. 8880
B. 3911
C. 5328
D. 6216
E. 12160
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