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record answer roubded to the nearest dollar! Wilma's Widgets had net sales of $11,716,700 in 2020 . The cost of goods sold was $3,963,600, operating
record answer roubded to the nearest dollar!
Wilma's Widgets had net sales of $11,716,700 in 2020 . The cost of goods sold was $3,963,600, operating expenses (excluding depreciation) were $183,310, interest expenses were $297,200, depreciation expense was $252,510, and dividends paid were $232,770. The firm's tax rate is 35 percent. What did Wilma's Widgets report as earnings before interest and taxes (i.e., operating profit) in 2020 ? Record your answer rounded to the nearest dollar. Do not include a dollar sign or commas in your answer. If your answer is a negative number, place a minus sign before your answer with no space between the minus sign and the number. For example, record $1,234,567.89 as 1234568 or negative $543,210 as -543210 . Your Step by Step Solution
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