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You are given the following information for Sookies Cookies Co.: sales = $52,300; costs = $38,500; addition to retained earnings = $3,000; dividends paid =
You are given the following information for Sookies Cookies Co.: sales = $52,300; costs = $38,500; addition to retained earnings = $3,000; dividends paid = $990; interest expense = $1,450; 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 income $ 3990
Calculate the taxable income.
Taxable income $
Calculate the EBIT.
EBIT $
Calculate the depreciation expense.
Depreciation expense $
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