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eBook Show Me How Calculator Print Item Calculating Economic Value Added East Mullett Manufacturing earned operating income last year as shown in the following income
eBook Show Me How Calculator Print Item Calculating Economic Value Added East Mullett Manufacturing earned operating income last year as shown in the following income statement: Sales $630,000 Cost of goods sold 380,000 Gross margin $250,000 Selling and administrative expense 174,400 Operating income $ 75,600 Less: Income taxes (@40%) 30,240 Net income $ 45,360
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