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If RPM Restaurants make $10,000,000 in sales this year. Their cost to run the restaurants is $4,000,000. They have no depreciation. The interest expense is
If RPM Restaurants make $10,000,000 in sales this year. Their cost to run the restaurants is $4,000,000. They have no depreciation. The interest expense is $50,000 and the tax rate is 15%. How much is the Net Income? NI=6,500,000 a. NI=5,500,000 NI=5,057,500 C. NI=6,057,500 d
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