Using the Information Provided,calculate Net Income for 2013

question 72

Multiple Choice

Using the information provided,calculate net income for 2013.Assume a tax rate of 35 percent.
Year 2013
Inventory $5,000
Revenues 200,000
Depreciation expense 5,000
Cost of goods sold 100,000
Interest expense 10,000
Operating expenses 30,000

• A)$35,750
• B)$44,000
• C)$50,000
• D)$19,250

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