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In 2 0 1 8 , Chevelle Company has sales of $ 3 9 , 5 0 0 , cost of $ 1 8 ,

In 2018, Chevelle Company has sales of $39,500, cost of $18,400, and depreciation of
$1,900 and interest expense of $1,400. Its tax rate is 35%. It has a stock market value
of $250,000 and debt borrowing of $100,000. It has little cash on balance sheet and
pays a dividend of $3,470 in 2018.

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