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6. The MOJO Firm has Sales of $2,000,000. Cost of Goods Sold including manufacturing labor and allocated costs is 60% of sales. Selling, General and

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6. The MOJO Firm has Sales of $2,000,000. Cost of Goods Sold including manufacturing labor and allocated costs is 60% of sales. Selling, General and Administrative Expenses, not including interest are $200,000. Interest-Bearing Debt is$1,000,000 and interest is 8% Taxes are 20% of profit and there are 10000 shares of stock. Dividends are $40,000 Set up the information in standard Profit and Loss form. Also fill in for dividends per share, earnings per share and Addition to retained earnings for the year. Sales Cost of Goods Sold Gross Profits SGA Earnings before Interest & Taxes Interest Profit Before Taxes Taxes Profit After Taxes Dividends Addition to retained earnings Earnings per share Dividends Per Share

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