Delta Ray Brands Corp. just completed their latest fiscal year. The firm had sales of...
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Accounting
Delta Ray Brands Corp. just completed their latest fiscal year. The firm had sales of $17,039,700. Depreciation and amortization was $873,800, interest expense for the year was $808,200, and selling general and administrative expenses totaled $1,503,900 for the year, and cost of goods sold was $10,391,100 for the year. Assuming a federal income tax rate of 34%, what was the Delta Ray Brands net income after-tax? Round to the nearest cent.
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