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Given the following financial data, what is the net income of the Marcos Company? Times interest earned 4 times, Tax rate 40%, Cost of goods
Given the following financial data, what is the net income of the Marcos Company? Times interest earned 4 times, Tax rate 40%, Cost of goods sold to sales 75%, Sales $80,000, Interest expense as % of sales 3%. What is Marcos' operating expenses? What is the PV of 10-year annuity due of $300 payments at 7%? What is the (future) value of the ordinary 5-year annuity of $500 payments at t = 2 if the interest rate is 9%
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