Brown Office Supplies Recently Reported $15,500 of Sales,$8,250 of Operating

question 128

Multiple Choice

Brown Office Supplies recently reported $15,500 of sales,$8,250 of operating costs other than depreciation,and $1,750 of depreciation.It had $9,000 of bonds outstanding that carry a 7.0% interest rate,and its federal-plus-state income tax rate was 40%.How much was the firm's earnings before taxes (EBT) ?

• A)$4,627
• B)$4,870
• C)$5,114
• D)$5,369
• E)$5,638

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