Triumph trading company provided the following information, Ask an Expert

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Triumph Trading Company provided the following information to its auditors. For the year ended March 31, 2008, the company had revenues of $1,122,878, operating expenses (excluding depreciation and leasing expenses) of $612,663, depreciation expenses of $231,415, leasing expenses of $126,193, and interest expenses equal to $87,125. If the company's tax rate was average 34 percent, what is its net income after taxes?

a. $43,218

b. $65,482

c. $152,607

d. none of these

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Category:- Basic Finance
Reference No.:- M9863653

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