Calculate net income given the following information: tax rate = 30%; times interest earned = 21 times; sales = $2,000; cost of goods sold = $800; general and administrative expenses = $150.
A) $850
B) $800
C) $750
D) $700
E) $650

Question

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The Answer of Calculate net income given the following information: tax rate = 30%; times interest earned = 21 times; sales = $2,000; cost of goods sold = $800; general and administrative expenses = $150.
A) $850
B) $800
C) $750
D) $700
E) $650

Calculate Net Income Given the Following Information: Tax Rate =