Your firm has the following income statement items sales of


Your firm has the following income statement items: sales of $50,250,000; income tax of $1,744,000; operating expenses of $10,115,000; cost of goods sold of $35,025,000; and interest expense of $750,000. What is the amount of the firm’s income before tax?

A. $4,360,000    

B. $750,000        

C. $10,865,000  

D. $25,115,000

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Financial Accounting: Your firm has the following income statement items sales of
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