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Using the information provided below, answer question 1A and 18, regarding Wingert Waterworks Incorporated. Please assume the tax rate is 20%. Sales: $1,500,000 Dividends Paid
Using the information provided below, answer question 1A and 18, regarding Wingert Waterworks Incorporated. Please assume the tax rate is 20%. Sales: $1,500,000 Dividends Paid Out: $35,000 (all paid in cash) Net Income: $175,000 Interest Expense: $12,000 Depreciation: $3,000 Selling expenses: $22,000 1A. Find Wingert Waterworks's EBIT and Cost of Goods Sold. 1B. Find the operating cash flow
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