(Choose 1 answer)
(20540) Centennial Brewery produced revenues of $1,145,227 in 2008. It has expenses (excludingdepreciation) of $812,640, depreciation of $131,335, and interest expense of $81,112. It pays an average tax rate of 34 percent. What is the firm's net income after taxes?
A. $120,140
Β. $248,475
C. $79,292
D. $40,848
Q: 11
