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Business, 12.02.2020 23:55 adrian128383

During 2019, Rainbow Umbrella Corp. had sales of $930,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $680,000, $85,000, and $180,000, respectively. In addition, the company had an interest expense of $55,000 and a tax rate of 21 percent. (Assume that interest is fully deductible.)

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During 2019, Rainbow Umbrella Corp. had sales of $930,000. Cost of goods sold, administrative and se...
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