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You are given the following information for Sookie’s Cookies Co.: sales = $51,600; costs = $39,200; addition to retained earnings = $2,360; dividends paid = $955; interest expense = $1,520; tax rate = 40 percent. (Enter your answer as directed, but do not round intermediate calculations.) Required: Calculate the net income. Net income $ Required: Calculate the taxable income. Taxable income $ Required: Calculate the EBIT. EBIT $ Required: Calculate the depreciation expense. Depreciation expense $

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Financial Management, Finance

Category:- Financial Management
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