Question
A company had sales of $3,043,986 last year. Its cost of goods sold were 64% of sales, it had depreciation expenses of $201,529, and interest
A company had sales of $3,043,986 last year. Its cost of goods sold were 64% of sales, it had depreciation expenses of $201,529, and interest expenses of $113,609. If the company's tax rate is 39% what was its earnings?
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Financial Management Principles and Application
Authors: Arthur J. Keown, J. William Petty, David F. Scott, Jr.
10th edition
536514119, 536514110, 978-0536514110
