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24. Otto, Inc. wrote off $2 million of obsolete inventory last quarter. Otto's tax rate is 25%. In computing the Adjusted, LTM Income Statement, what

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24. Otto, Inc. wrote off $2 million of obsolete inventory last quarter. Otto's tax rate is 25%. In computing the Adjusted, LTM Income Statement, what should the analyst do? Reduce COGS by $2.67 million. ncrease COGS by $2 million Reduce Overhead by $2 million, Reduce COGS by $2 million

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