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Delta Ray Brands Corp. just completed their latest fiscal year. The firm had sales of $16,936,600. Depreciation and amortization was $833,000, interest expense for the year was $809,100, and selling general and administrative expenses totaled $1,435,700 for the year, and cost of goods sold was $10,974,800 for the year. Assuming a federal income tax rate of 34%, what was the Delta Ray Brands net income after-tax?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9953728

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