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You have been given the following information for Corky’s Bedding Corp.: a. Net sales = $12,050,000. b. Cost of goods sold = $8,500,000. c. Other operating expenses = $210,000. d. Addition to retained earnings = $1,080,000. e. Dividends paid to preferred and common stockholders = $355,000. f. Interest expense = $900,000. The firm’s tax rate is 30 percent. Calculate the depreciation expense for Corky’s Bedding Corp.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92434065

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