Good evening,

I was hoping to get some assistance with the question below; could you help?

Company X finances only with debt and common equity (i.e., no preferred stock). Last year, Company X had $4.5 million in Sales, $3 million in operating income and $500,000 in depreciation expense. Its interest expense was $1,250,000 and its corporate tax rate was 37%. What is it's net income?