Arizona State University FIN FIN 300 Mickler Industries had the following operating results for the current year: Net sales = $95,000; Cost of goods sold = $20,500; Selling and
year: Net sales = $95,000; Cost of goods sold = $20,500; Selling and administrative expenses = $10,000; Depreciation expense = $2,500; Interest expense = $2,000; Dividends paid = $500. What is net income if the tax rate is 40 percent?
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