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Marine Outlets, Inc. had $ 14 million in sales last year, COGS of $ 8 million, depreciation expense of $ 2 million, $ 1 million
Marine Outlets, Inc. had $ 14 million in sales last year, COGS of $ 8 million, depreciation expense of $ 2 million, $ 1 million in interest payments on long- term debt. If the firm's "tax rate" is 35%, how much is the Firm's Net Income? O A. $3.95 millones O B. $2.95 millones O C. $1.05 millones O D. $1.75 millones O E. $1.95 millones
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