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Wild Rides had sales of $17 million in 2020. Its cost of goods sold was $8.7 million, and it had selling, general, and administrative expenses
Wild Rides had sales of $17 million in 2020. Its cost of goods sold was $8.7 million, and it had selling, general, and administrative expenses of $3 million. The firm paid $90000 in interest expense and $125000 in dividends to its shareholders. For simplicity, assume a flat tax rate of 29%. Wild Rides's net income for 2020 was Group of answer choices $5.30 million $5.21 million $3.57 million $3.70 million
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