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The following data and information are provided for East Coast Incorporated. Use net income after taxes as margin. East Coast Incorporated proforma data and information
The following data and information are provided for East Coast Incorporated. Use net income after taxes as margin. East Coast Incorporated proforma data and information for the upcoming operating year: Selected data Average total assets =$5,000,000 Average inventory =$1,000,000 Average days in accounts receivable =24 Fixed expenses =$4,000,000 Variable expenses =$5,000,000 Average price per unit sold =$100 Cost of equity =14% Average accounts payable: $250,000 Average balance Bank loan \#1: $1,000,000 at 7% interest Average balance Bank loan \#2: $750,000 at 8% interest Question 32 0/0.63 pts 32. Which from the following would generally be most helpful for a company to attract and retain the better employees overtime? Growing sales revenue each year Nice lunchrooms A good health insurance program A bring your dog to work on Friday's program
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