-The Brick Company has announced the following financial information for the period ending March 31, 2017: sales of $1.4 million, cost of goods sold of $800,000, depreciation expenses of $175,000, and interest expenses of $90,000. Assume that the firm has an average tax rate of 40 percent. What is the company's net income?
A) $204,000
B) $201,000
C) $203,000
D) $220,000

Question

-The Brick Company has announced the following financial information for the period ending March 31, 2017: sales of $1.4 million, cost of goods sold of $800,000, depreciation expenses of $175,000, and interest expenses of $90,000. Assume that the firm has an average tax rate of 40 percent. What is the company's net income?
A) $204,000 
B) $201,000 
C) $203,000 
D) $220,000

Quizplus · Accepted Answer

The Answer of 
-The Brick Company has announced the following financial information for the period ending March 31, 2017: sales of $1.4 million, cost of goods sold of $800,000, depreciation expenses of $175,000, and interest expenses of $90,000. Assume that the firm has an average tax rate of 40 percent. What is the company's net income?
A) $204,000 
B) $201,000 
C) $203,000 
D) $220,000

-The Brick Company Has Announced the Following Financial Information for the Period