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Carr Auto Wholesalers had sales of $1,180,000 in 20XX and cost of goods sold represented 73% of sales. Selling and administrative expenses were 13% of
Carr Auto Wholesalers had sales of $1,180,000 in 20XX and cost of goods sold represented 73% of sales. Selling and administrative expenses were 13% of sales. Amortization expense was $12,000 and interest expense for the year was $13,000.
The firms tax rate is 30 Percent.
( I have attached the options for the drop down "click to select" tab in the very last attachment, just for help incase)
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