Question
Griffin's Goat Farm, Inc., has sales of $724,000, costs of $375,000, depreciation expense of $41,000, interest expense of $20,000, and a tax rate of 22
| Griffin's Goat Farm, Inc., has sales of $724,000, costs of $375,000, depreciation expense of $41,000, interest expense of $20,000, and a tax rate of 22 percent. What is the net income for this firm?
|
Multiple Choice
-
$244,640
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$285,640
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$265,640
-
$128,720
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$224,640
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
