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Question 6 For the past year, Momsen Limited had sales of $ 4 6 , 9 6 7 , interest expense of $ 4 ,

Question 6
For the past year, Momsen Limited had sales of $46,967, interest expense of $4,088, cost of
goods sold of $17,184, selling and administrative expense of $12,051, and depreciation of
$6,850. If the tax rate was 21 percent, what was the company's net income?
$2,985
$12,249
$4,756
$5,367
$6,794
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