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Sammy's Shovels had sales of $ 88465 in 2010. The cost of goods sold was $ 28072 , operating expenses (excluding depreciation) were $ 19655
Sammy's Shovels had sales of $ 88465 in 2010. The cost of goods sold was $ 28072 , operating expenses (excluding depreciation) were $ 19655 , interest expenses were $ 2633 , depreciation expense was $ 6186 , and dividends paid were $ 2867 . The firm's tax rate is 25 percent. What did Sammy's Shovels report as net income (or, net profit) in 2010?
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