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Question three: Company A provided you with the following data: Nabors, Inc. 2008 Income Statement in millions) Net sales $9,610 6,310 Less: Cost of goods

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Question three: Company A provided you with the following data: Nabors, Inc. 2008 Income Statement in millions) Net sales $9,610 6,310 Less: Cost of goods sold 1,370 Less: Depreciation Earnings before interest and taxes 1,930 630 Less: Interest paid $1,300 Taxable Income Less: Taxes Net income 815 7 Marks

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