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Question 5 (3 points) Main St. Industrial Supply recently reported sales of $351.900 and costs (excluding depreciation) of $281.250. The firm's depreciation for the year

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Question 5 (3 points) Main St. Industrial Supply recently reported sales of $351.900 and costs (excluding depreciation) of $281.250. The firm's depreciation for the year is $12.000 and interest expenses totaled another $8,000. If the tax rate is 21%, what is the firm's net income? a) $40,013.50 b) $50,362.50 c) $73,845.25 d) $58,262.50 e) $69.409.40 Question 6 (3 points) True Blue Industrial Supply has total sales of $713,800 and a profit margin of 8.5 percent. The firm reported earnings of $60,673 and has $950,000 in total assets. Currently, the firm has 18,500 shares outstanding and 20,000 shares authorized. What are the earnings per share? a) $4.85 b) $3.98 c) $5.10

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