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Use the following information for Motion Research, Inc. (MRI) for this and the following two questions. Sales $200,000 Costs $105,000 SG&A $20,000 Depreciation $16,000 Dividend
Use the following information for Motion Research, Inc. (MRI) for this and the following two questions.
| Sales | $200,000 |
| Costs | $105,000 |
| SG&A | $20,000 |
| Depreciation | $16,000 |
| Dividend paid | $6,000 |
| Retained Earnings Added | $18,000 |
| Total Assets | $85,000 |
| Equity | $45,000 |
| Tax Rate | 35% |
How much was the interest charge for MRI?
| A. | $15,923 | |
| B. | $19,000 | |
| C. | $22,077 | |
| D. | $9,769 | |
| E. | $6,692 | |
| F. | $12,846 |
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Corporate Finance Principles And Practice
Authors: Denzil Watson, Antony Head
5th Edition
0273725343, 978-0273725343
