Recycles Paper Inc. had sales of $35,000 with cost of goods sold equal to 40%...
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Recycles Paper Inc. had sales of $35,000 with cost of goods sold equal to 40% of sales. Recycled Paper also had total other operating expenses of $3,250, interest expense of $1,500, and is subject to a flat 40% of its pre-tax income in income taxes. What is Recycled Paper's net income?
A.
$9,750
B.
$6,750
C.
$8,250
D.
$9,140
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