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During 2018Raines Umbrella Corp. had sales of $710,000. Cost of goods sold administrative and selling expensesand depreciation expenses were $500,000 $125,000, and $170, , respectivelyaddition,
During 2018Raines Umbrella Corp. had sales of $710,000. Cost of goods sold administrative and selling expensesand depreciation expenses were $500,000 $125,000, and $170, , respectivelyaddition, the company had an interest expense of $60,000 and a tax rate of 21 percent(Ignore any tax loss carryforward provisions and assume interest expense is fully deductible .)
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