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8) ABC company generated total sales of 40,000 during fiscal year 2021. Cost of goods sold was 20,000. Depreciation and amortization for the year totaled
8) ABC company generated total sales of 40,000 during fiscal year 2021. Cost of goods sold was 20,000. Depreciation and amortization for the year totaled 5,000 and interest expense for the year was 2,000. If the company's tax rate was average 30%. What is its net income after taxes
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