The firm's average tax rate was20%. Costs of goods sold $8000 Income taxes paid 2000 Administrative expense4000

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The firm's average tax rate was 20%.

Costs of goods sold $8000

Income taxes paid 2000

Administrative expense 4000

Interest expense 2000

What must have been the firm's net sales? Calculate.

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Jan 12, 2024 06:18 AM

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The firm's average tax rate was20%. Costs of goods sold $8000 Income taxes paid 2000 Administrative expense4000

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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