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Assume that Taco Bell company reported operating income of $5
Assume that Taco Bell company reported operating income of $5.15 million, $0.7 million in other income and gains (except equity earnings), $1.65 million in other expenses and losses, and a tax rate of 40%.
1. Using the information given above for Wendy's company, what is the net income of the company? *
A) $2.925 million
B) $2.52 million
C) $1.65 million
D) $4.2 million
E) None of the above
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