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Martinez Industries had the following operating results for 2 0 2 4 : Sales = $ 3 4 , 1 1 6 ; Cost of

Martinez Industries had the following operating results for 2024: Sales = $34,116; Cost of goods sold = $24,114; Depreciation expense = $5,977; Interest expense = $2,700; Dividends paid = $1,978. At the beginning of the year, net fixed assets were $19,920, current assets were $7,040, and current liabilities were $3,980. At the end of the year, net fixed assets were $24,484, current assets were $8,672, and current liabilities were $4,655. The tax rate for 2024 was 25 percent.

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