Andre's Bakery Has Sales of $687,000 with Costs of $492,000

question 71

Multiple Choice

Andre's Bakery has sales of $687,000 with costs of $492,000.Interest expense is $26,000 and depreciation is $42,000.The tax rate is 35 percent.What is the net income?

• A)$42,750
• B)$44,450
• C)$82,550
• D)$86,450
• E)$124,550