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The following information corresponds to Flynn Corporation's 2012 operations. COGS $400,000 Sales $1,000,000 S&A Expenses 50,000 Interest Expense 10,000 Depreciation 400,000 Tax Rate 35% Calculate

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The following information corresponds to Flynn Corporation's 2012 operations. COGS $400,000 Sales $1,000,000 S&A Expenses 50,000 Interest Expense 10,000 Depreciation 400,000 Tax Rate 35% Calculate the following income statement items: 1. Gross Profit 2. EBIT 3. EBT 4. Taxes 5. Net Income

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