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Elite Trailer has an operating profit of $ 2 5 0 , 0 0 0 . Interest expense for the year was $ 3 2

Elite Trailer has an operating profit of $250,000. Interest expense for the year was $32,000; preferred dividends paid were $32,700; and common dividends paid were $38,300. The tax was $63,500. The firm has 24,100 shares of common stock outstanding.

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