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Little Tiberius Pizza had the following operating results for the year just ended: Sales = $10,980; Cost of Goods Sold = $8,100; Depreciation Expense =
Little Tiberius Pizza had the following operating results for the year just ended:
- Sales = $10,980;
- Cost of Goods Sold = $8,100;
- Depreciation Expense = $1,440;
- Interest Expense = $180;
- Dividends Paid = $270.
- The tax rate (average and effective) for this year was 35 percent.
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