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10-11 A firm enjoys net sales of $3,500,000. Cost of goods sold is $2,000,000, depreciation expense is $100,000, and other management and administrative expenses at
10-11 A firm enjoys net sales of $3,500,000. Cost of goods sold is $2,000,000, depreciation expense is $100,000, and other management and administrative expenses at $350,000. It records interest expense at $200,000 and is taxed at the marginal tax rate of 40%
10 The Pretax Income (EBT)?
a. 1,500,000
b 1,050,000
c 850,000
d 510,000
e none of the above
11 Its net income available to stockholders is
a. 510,000
b 350,000
c 210,000
d 75,000
e none of the above
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