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Denali, Ltd. Shows the following information on its latest income statement: Sales Cost of Sales Other Operating Expenses Interest Expense Depreciation Expense Income Taxes $4,000,000

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Denali, Ltd. Shows the following information on its latest income statement: Sales Cost of Sales Other Operating Expenses Interest Expense Depreciation Expense Income Taxes $4,000,000 $3,000,000 $500,000 $100,000 $100,000 $100,000 Denali has 100,000 shares of common stock outstanding throughout the year, with no complex capital structure or potential dilutive securities in its treasury

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