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Wilma's Widgets had net sales of $ 26054400 in 2010. The cost of goods sold was $ 12799800 , operating expenses (excluding depreciation) were $
Wilma's Widgets had net sales of $ 26054400 in 2010. The cost of goods sold was $ 12799800 , operating expenses (excluding depreciation) were $ 3392610 , interest expenses were $ 795123 , depreciation expense was $ 1878960 , and dividends paid were $ 296068 . The firm's tax rate is 35 percent. What did Wilma's Widgets report as earnings before interest and taxes (i.e., operating profit) in 2010?
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