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A company shows the following information on its 2010 income statement: sales = $317,800; costs = $211,400; other expenses = $18,500; depreciation expense = $31,200;

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A company shows the following information on its 2010 income statement: sales = $317,800; costs = $211,400; other expenses = $18,500; depreciation expense = $31,200; interest expense = $2,100; taxes = $18,600: dividends =$12,000. In addition, you're told that the firm issued $4,500 in new equity during 2010, and redeemed $6,500 in outstanding long-term debt. If net fixed

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