Delta Ray Brands Corp. just completed their latest fiscal year.
Delta Ray Brands Corp. just completed their latest fiscal year. The
firm had sales of $16,173,600. Depreciation and amortization was $873,600, interest expense for the year was $818,700, and selling general and administrative expenses totaled $1,424,600 for the year, and cost of goods sold was $9,403,900 for the year. Assuming a federal income tax rate of 34%, what was the Delta Ray Brands net income after-tax? Round to the nearest cent.
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