Holly Farms has sales of $509,600, costs of $448,150, depreciation expense of $36,100, and interest paid
Holly Farms has sales of $509,600, costs of $448,150,
depreciation expense of $36,100, and interest paid of $12,400. The
tax rate is 28 percent. How much net income did the firm earn for
the period? $10,380 $8,671 $7,778 $5,886 $9,324
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