Last year johnson mills had annual revenue of 37800 cost of, Ask an Expert

Finance

Last year, Johnson Mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. The firm paid $700 in dividends and had a tax rate of 35 percent.

The firm added $2,810 to retained earnings. The firm had no long-term debt. What was the depreciation expense?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92806652

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