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Question 14 (1 point) A firm enjoys net sales of $325,000,000. Costs of goods sold is $135,000,000, depreciation expense is $50,000,000, and other management and
Question 14 (1 point) A firm enjoys net sales of $325,000,000. Costs of goods sold is $135,000,000, depreciation expense is $50,000,000, and other management and administrative expenses at $75,000,000. It records interest expense at $18,000,000 and is taxed at 25%. It also carried average inventory of $13,000,000, average accounts receivable of $18,000,000 and average accounts payable of $23,000,000 The firm's net income is 35,250,000 65,000,000 47,000,000 10.550.000
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