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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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