Question: QUESTION 2 Using the information provided, calculate net income for 2009. Assume a tax rate of 40% Year 2009 Inventory $5,000 Sales 200,000 Depreciation expense

QUESTION 2 Using the information provided, calculate net income for 2009. Assume a tax rate of 40% Year 2009 Inventory $5,000 Sales 200,000 Depreciation expense 5,000 Cost of goods sold 100,000 Interest expense 10,000 Operating expenses 30,000

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