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You are given the following information for Smashville, Inc. Cost of goods sold: $ 184,000 Investment income: $ 1,600 Net sales: $ 387,000 Operating expense:
You are given the following information for Smashville, Inc. |
Cost of goods sold: | $ | 184,000 | |||||||||||||||||||||||||||||||||||
Investment income: | $ | 1,600 | |||||||||||||||||||||||||||||||||||
Net sales: | $ | 387,000 | |||||||||||||||||||||||||||||||||||
Operating expense: | $ | 88,000 | |||||||||||||||||||||||||||||||||||
Interest expense: | $ | 7,400 | |||||||||||||||||||||||||||||||||||
Dividends: | $ | 6,000 | |||||||||||||||||||||||||||||||||||
Tax rate: | 30 | % | |||||||||||||||||||||||||||||||||||
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