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Raj Corporation had a gross profit of $40,000 which was one-third of its total sales. Raj's net income (PAT) for the period was one-eighth of

Raj Corporation had a gross profit of $40,000 which was one-third of its total sales. Raj's net income (PAT) for the period was one-eighth of its cost of goods sold. Raj's selling expenses totaled $10,000. Its interest expense was three times its tax expense and $1,000 more than its general and administrative expenses

Determine the following only:(PLS DO NOT PREPARE THE INCOME STAT)

  1. Sales
  2. Cost of goods sold
  3. Net income (PAT)
  4. Income taxes
  5. Interest expenses
  6. General and operative expenses

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