Andre's Bakery Has Sales of $487,000 with Costs of $263,000

question 26

Multiple Choice

Andre's Bakery has sales of $487,000 with costs of $263,000. Interest expense is $26,000 and depreciation is $42,000. The tax rate is 21 percent. What is the net income?

• A) $142,750
• B) $123,240
• C) $109,000
• D) $128,700
• E) $134,550

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