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You are given the following information for Sookie's Cookies Co.: sales $51,500; costs $39,300; addition to retained earnings-$2,900; dividends paid-$950; interest expense = $1,530; tax
You are given the following information for Sookie's Cookies Co.: sales $51,500; costs $39,300; addition to retained earnings-$2,900; dividends paid-$950; interest expense = $1,530; tax rate-30 percent. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g, 32.) Calculate the net income. Net incomeS Calculate the taxable income. Taxable income $ Calculate the EBIT. EBIT $ Calculate the depreciation expense Depreciation expense $
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