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MC algo 2 - 2 2 Calculating Net Income For the past year, Momsen Limited had sales of $ 4 5 , 7 9 7

MC algo 2-22 Calculating Net Income
For the past year, Momsen Limited had sales of $45,797, interest expense of $3,620, cost of goods sold of $16,134, selling and administrative expense of $11,481, and depreciation of $5,980. If the tax rate was 25 percent, what was the company's net income?
Multiple Choice
$5,532
$15,047
$6,437
$8,582
$6,007
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