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Firm ABC has the following: Total revenue $250 Cost of goods sold $130 Selling & general administrative expenses $80. Depreciation expense $10 Interest expense $8

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Firm ABC has the following: Total revenue $250 Cost of goods sold $130 Selling & general administrative expenses $80. Depreciation expense $10 Interest expense $8 Tax rate 20% Dividend $3.20 1. What is gross profit? 2. What is operating profit? 3. What is income tax? 4. What is net income? 5. What is addition to retained earnings? 6. What is net profit margin

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