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sales =$45,212. interest expense =$3,386. cost of goods sold =$15,609. SG&A expense =$11,196. depreciation exp =$5,545. Tax rate =35%. How much is net income? Hint:
sales =$45,212. interest expense =$3,386. cost of goods sold =$15,609. SG\&A expense =$11,196. depreciation exp =$5,545. Tax rate =35%. How much is net income? Hint: Setup the income statement to solve for income before taxes, multiply this amount by the tax rate to find the taxes, and subtract this tax amount fom income before taxes. Multiple Choice $9,476 $13,437 $6,159 $4,974 $6,633
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