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Question 6 (1 point). A firm has net sales of $32,000,000, Cost of Goods Sold $14,500,000, Depreciation Expense of $2,500,000, Selling and Administrative Expenses of

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Question 6 (1 point). A firm has net sales of $32,000,000, Cost of Goods Sold $14,500,000, Depreciation Expense of $2,500,000, Selling and Administrative Expenses of $4,000,000, Interest Expense of $2,000,000, and an average tax rate of 20%. The firms Operating Income is 17,500,000 11,000,000 9,000,000 7,200,000

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