Suppose Ningbo Steel had sales revenue of $10,000 sales revenue,cost of goods sold of $5,000,operating expenses of $3000,interest expense of $1,000,a tax rate of 20%,and 1,000 shares of common stock outstanding.Based on this information,net profit after tax was:
A) $1,500
B) $1,000
C) $500
D) $0
E) none of the above
Correct Answer:
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