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Stamps Office Supplies recently reported $15,500 of sales, $8,500 of operating costs other than depreciation, and $1,700 of depreciation. It had $12,000 of bonds outstanding
Stamps Office Supplies recently reported $15,500 of sales, $8,500 of operating costs other than depreciation, and $1,700 of depreciation. It had $12,000 of bonds outstanding that carry a 6.0% interest rate, and its federal-plus- state income tax rate was 35%. How much was the firm's earnings after taxes? O $4,700 O $4,870 O $2,748 O $2,977
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