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During 2 0 2 1 , Raines Umbrella Corporation had sales of $ 8 6 5 , 0 0 0 . Cost of goods sold,
During Raines Umbrella Corporation had sales of $ Cost of goods sold, administrative and selling expenses, and depreciation expenses were $ $ and $ respectively. In addition, the company had an interest expense of $ and a tax rate of percent. Ignore any tax loss carryforward provisions and assume interest expense is fully deductible.
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