Delta ray brands corp just completed their latest fiscal


Question: Delta Ray Brands Corp. just completed their latest fiscal year. The firm had sales of $17,845,000. Depreciation and amortization was $899,500, interest expense for the year was $899,800, and selling general and administrative expenses totaled $1,585,200 for the year, and cost of goods sold was $9,995,900 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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Finance Basics: Delta ray brands corp just completed their latest fiscal
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