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 $17,471,400. Depreciation and amortization was $862,400, interest expense for the year was $837,800, and selling general and administrative expenses totaled $1,453,600 for the year, and cost of goods sold was $9,428,500 for the year. Assuming a federal income tax rate of 34%, what was the Delta Ray Brands net income after-tax?