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With the information provided and assume a tax rate of 40%, the firms net income is closest to Accounts Receivable $5,000 Sales 100,000 Depreciation Expense
With the information provided and assume a tax rate of 40%, the firms net income is closest to
Accounts Receivable $5,000
Sales 100,000
Depreciation Expense 4,000
Cost of goods sold 40,000
Interest expense 5,000
Administrative Expenses 30,000
Dividends Paid 10,000
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