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For the past year, Momsen, Ltd., had sales of $46,577, interest expense of $3,932, cost of goods sold of $16,834, selling and administrative expense
For the past year, Momsen, Ltd., had sales of $46,577, interest expense of $3,932, cost of goods sold of $16,834, selling and administrative expense of $11,861, and depreciation of $6,560. If the tax rate was 38 percent, what was the company's net income? Multiple Choice 0 $3,088 O $5,173 $4,582 $11,936 $7,390
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