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Using the data below, create this years net income for Junes Jewels: a. Sales are $5,500,000 b. SG&A is $700,000 c. Interest is $50,000 d.

Using the data below, create this years net income for Junes Jewels:

a. Sales are $5,500,000

b. SG&A is $700,000

c. Interest is $50,000

d. Tax rate is 40%

e. Cost of Goods Sold is $4,000,000

f. Depreciation is $0.

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