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Calculate the pretax income and the return on investment for a company with the sales and expenses as follows: Sales $40,000,000 Cost of goods sold
Calculate the pretax income and the return on investment for a company with the sales and expenses as follows:
Sales $40,000,000
Cost of goods sold $25,000,000
Selling and administrative expense $5,000,000
Interest expense $1,000,000
Income taxes $5,850,000
Shareholders equity $800,000
Comment on the companys profitability.
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