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Accounts from the Perril Company's Income Statement, including some accounts and from the Perril Company's Balance Sheet, for the year ending December 3 1 ,
Accounts from the Perril Company's Income Statement, including some accounts and from the Perril Company's Balance Sheet, for the year ending December are listed below:
Additional paid in capital $
Beginning inventory $
Depreciation $
Dividends paid $
Ending inventory $
Gross sales $
Interest expense $
Notes payable $
Operating expenses excluding depreciation$
Purchases $
Returns and allowances $
Perril Company has a tax rate of percent.
Using the data above, compute what Perril Company a retail clothing store reported as Earnings before taxes ie EBT on its income statement.
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