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Last year, your company had sales of $ 1 0 , 1 2 5 , 6 8 0 . The firm's costs of goods sold

Last year, your company had sales of $10,125,680. The firm's costs of goods sold amounted to 60% of sales. The firm also paid cash operating expenses of $1,000,000, and had $167,894 in depreciation expense. The firm had $450,000 in 9% coupon bonds outstanding and paid $40,000 in dividends to its common stockholders.

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