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Jefferson Industries had sales of $2,000,000 in 2019. Cost of goods sold was 70% of sales. Selling & Admin. Expenses were 15% of sales. Depreciation
Jefferson Industries had sales of $2,000,000 in 2019. Cost of goods sold was 70% of sales. Selling & Admin. Expenses were 15% of sales. Depreciation was $25,000 and Interest expense was $10,000. The firms tax rate is 25%. (a) Compute earnings after taxes. (b) compute EPS, given there are 100,000 shares of stock outstanding round to two decimal places.d
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