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For the past year, Momsen, Ltd., had sales of $47,357, interest expense of $4,244, cost of goods sold of $17,534, selling and administrative expense of
For the past year, Momsen, Ltd., had sales of $47,357, interest expense of $4,244, cost of goods sold of $17,534, selling and administrative expense of $12,241, and depreciation of $7,140. If the tax rate was 35 percent, what was the company's net income?
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