Blue river enterprise sold 5000 products at 223 each but, Ask an Expert

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Blue River Enterprise sold 5000 products at $223 each, but 120 of them were returned for full refunds. If cost of goods sold equals 12% of net sales, and operating expenses are $145,000, the operating income is $812,651.20.

If interest and taxes for the enterprise above equal 28% of its EBIT, and it retains 25% of its net profits for growth, how much would be the total amount to be distributed as dividends?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92800263

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