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Square Hammer Corporation shows the following information on its 2018 income statement: Sales = $210,000; Costs = $100,000; Other expenses = $5,500; Depreciation expense =
Square Hammer Corporation shows the following information on its 2018 income statement: Sales = $210,000; Costs = $100,000; Other expenses = $5,500; Depreciation expense = $8,900; Interest expense = $13,700; Taxes = $28,665; Dividends = $9,700. In addition, you're told that the firm issued $7,400 in new equity during 2018 and redeemed $9,000 in outstanding long-term debt
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