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Return Ratios and Leverage The following selected data are taken from the financial statements of Evergreen Company: Sales revenue $651,000 Cost of goods sold 389,000

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Return Ratios and Leverage The following selected data are taken from the financial statements of Evergreen Company: Sales revenue $651,000 Cost of goods sold 389,000 Gross profit $262,000 Selling and administrative expense 100,000 Operating income $162,000 Interest expense 50,000 Income before tax $112,000 Income tax expense (40%) 44,800 Net income

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