Solution-Determining the depreciation expense

Determining the depreciation expense

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Reference no: EM131190526

Consider a firm whose net income last year was $3,455,000. If that firm has a tax rate of 40%, paid interest of $657,000 and OH and depreciation expense of $1,428,000 and a cost of goods sold of $732,000.

Calculate: a) sales, b) Cost of goods sold, c) EBIT, d) Taxes

Reference no: EM131190526

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Determining the depreciation expense

Reference no: EM131190526

Reference no: EM131190526

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