Question
1. McGraw Hill Education sold 2,500 finance textbooks for $180 each to High Tuition University in 2019. These books cost $160 to produce. McGraw Hill
1. McGraw Hill Education sold 2,500 finance textbooks for $180 each to High Tuition University in 2019. These books cost $160 to produce. McGraw Hill Education selling expense $20,000 to convince the university to buy its books. Depreciation expense for the year was $18,500. In addition, McGraw Hill Education borrowed $200,000 on January 1, 2019, on which the company paid 9 percent interest. Both the interest and principal of the loan were paid on December 31, 2019. The publishing firms tax rate is 35 percent. **What is the amount of operating profit of McGraw Hill Education? **(Note: Answer must be in number, ignore text, Example: 240)
2.What is the amount of Interest of McGraw Hill Education? **(Note: Answer must be in number, ignore text, Example: 240 or - 240)
3.What is the amount of Earnings after Tax of McGraw Hill Education? **(Note: Answer must be in number, ignore text, Example: 240 or - 240 )
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