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-1 You are a sutnmer incern ar the office of a lucal tax preparer. Tu rest your basic knowledge of financial statcinents, your manager gives
-1 You are a sutnmer incern ar the office of a lucal tax preparer. Tu rest your basic knowledge of financial statcinents, your manager gives you the fullowing list of accounts and asks you to prepare a simple income statement using those accounts. a. Arrange the accounts into a well-label income statement. Make sure you labe! and solve for gross profit, operating proffit, and net profit before caxes. b. Using a 21% tax rate, calculate taxes paid and net profit after taxes. c. Assuming a dividend of $1.10 per share with 4.25 million shares outsanding calculate EPS and additions to retained earninos
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