Centennial Brewery Produced Revenues of $1,145,227 in 2008

question 29

Multiple Choice

Centennial Brewery produced revenues of $1,145,227 in 2008. It has expenses (excluding depreciation) of $812,640, depreciation of $131,335, and interest expense of $81,112. It pays an average tax rate of 34 percent. What is the firm's net income after taxes? Round your final answer to the nearest dollar.

• A) $120,140
• B) $248,475
• C) $79,292
• D) $40,848

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