Misty Company reported the following before-tax items during the current year: Misty's effective tax rate...

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Accounting

Misty Company reported the following before-tax items during the current year:

Misty's effective tax rate is 40%.

What would be Misty's net income for the current year?

Sales $600

Operating expenses 250

Restructuring charges 20

Extraordinary loss 50

A. $148

B. $112

C. $168

D. $198

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