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Reliable Corporation had sales of $41,663,937 last year. Costs of goods sold amounted to 30% of sales, and cash operating expenses amounted to 20% of
Reliable Corporation had sales of $41,663,937 last year. Costs of goods sold amounted to 30% of sales, and cash operating expenses amounted to 20% of sales. Depreciation expense was $1,500,000. Reliable paid 8% interest on $20,000,000 in outstanding bonds. Also, Reliable sold 30,000 shares of Oviedo Company common stock for $71share. Reliable had purchased these shares two years ago for $30 a share. Reliable received $202,760 in dividend income for the year, and paid $515,033 in dividends to Rellables common sharelvolders. Compute the firm's taxability SET YOUR CALCULATOR TO 4 DECIMAL PLACES THEN ROUND TO THE NEAREST WHOLE NUMBER AT THE END, DO NOT ENTER THE S SIGN SYMBOL. f your answer i 1.000.000 enteritos 1,000,000
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