Which statements is most correct

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Reference no: EM133906214

Problem

In 2021, Ramsay Inc. had sales revenue of $750,000. Costs other than depreciation and interest expense were 37 percent of sales. Depreciation expense was $47,000, interest expense was $83,000, and dividends paid were $22,000. The company also received dividends of $10,000 from a company in which it had 75% ownership stake. Get the instant assignment help. Which statements is most CORRECT?

Reference no: EM133906214

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Which statements is most correct : In 2021 Ramsay Inc. had sales revenue of $750,000. Costs other than depreciation and interest expense were 37 percent of sale. Which statements is most CORRECT?

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