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Using the information below compute the net income for the year? Revenue $2,000 COGS $600 Depreciation $250 Interest $150 Tax rate 35% A company buys

Using the information below compute the net income for the year?

Revenue $2,000 COGS $600 Depreciation $250 Interest $150 Tax rate 35%

A company buys back 2,000 of its shares at $25 per share. The total assets were $420,000 before the buyback. What will be the total assets after the buyback?

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