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The income statement measures performance over time. The income statement for U.S. Corporation is: Tax rate: 21% U.S. Corporation 2018 Income Statement ($ in millions)

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The income statement measures performance over time. The income statement for U.S. Corporation is: Tax rate: 21% U.S. Corporation 2018 Income Statement ($ in millions) Net sales $ 2,500 Cost of goods sold 350 Depreciation 25 Earnings before interest and ta? Interest paid 68 Taxable income ? Taxes 2 Net income 2 99 Dividends S Addition to retained earnings ? Assets Current assets Fived acces $1,000 2.540 Liabilities & Shareholders' Equity Current liabilities $ 900 Long-term debt 1,100

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