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Find what was the company net income

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Reference no: EM132843923

Problem 1: During the fiscal year ended 2016, a company had revenues of $400,000, cost of goods sold of $280,000, and an income tax rate of 30 percent on income before income taxes. What was the company's 2016 net income?

Option 1: $120,000.
Option 2: $36,000.
Option 3: $84,000.
Option 4: $400,000.

Reference no: EM132843923

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