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cusic industries had the following operating results for 2 0 1 9 : sales = $ 3 4 , 3 1 8 ; cost of

cusic industries had the following operating results for 2019: sales = $34,318; cost of goods sold = $24,212; depreciation expense = $5,997; interest expense = $2,710; dividends paids = $1,996. at the beginning of the year, next fixed assets were $19,940, current assets were $7,054, and current liabilities were $3,992. at the end of the year, next fixed assets were $24,502, current assets were $8,684, and current liabilities were $4,673. the tax rate was 22%

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