During 2020, one of Xerox Corp financial statements stated its operating income during 2020 was $59,000. Its net income was $32,061 and its average tax rate is 38%. Assuming there is no interest income, what was its interest expense during 2020? Please show all the work(If you use excel please explain the answer and the layout)

Answer rating: 100% (QA)

To calculate Xerox Corps interest expense during 2020 we can ... View the full answer