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You are given the following information for Smashville, Inc. Cost of goods sold: Investment income: Net sales: Operating expense: nterest expense: Dividends: Tax rate: $170,000
You are given the following information for Smashville, Inc. Cost of goods sold: Investment income: Net sales: Operating expense: nterest expense: Dividends: Tax rate: $170,000 $ 3,200 $308,000 49,000 $ 7,400 $14,000 40% Current liabilities: Cash: Long-term debt: Other assets: Fixed assets: Other liabilities: Investments: Operating assets: $ 24,000 21,000 $ 6,000 40,000 $162,000 $ 5,000 16,000 $ 51,000
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