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You are given the following information for Smashville, Inc. Cost of goods sold: Investment income Net sales: Operating expense: Interest expense: Dividends: Tax rate: $189,000
You are given the following information for Smashville, Inc. Cost of goods sold: Investment income Net sales: Operating expense: Interest expense: Dividends: Tax rate: $189,000 $1,700 $323,000 43,000 $ 7,400 $ 9,000 40% Current liabilities: Cash: Long-term debt: Other assets: Fixed assets: Other liabilities: Investments: Operating assets: $14,000 $21,000 $31,000 41,000 $153,000 $ 6,000 $37,000 35,000
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