Question 9 (1 point) A firm has net sales of $12,000,000, Cost of Goods Sold $7,000,000, Depreciation Expense of $500,000, Selling and Administrative Expenses of $750,000, Interest Expense of $500,000, and an average tax rate of 21%. The firm's net income is 5,000,000 3,750,000 3,250,000 2,567,500 Previous Page Page 9 of 50 Next Page