Buttery Ice-Cream had sales of $7.25 million in 2020. Its cost of goods sold was $4.5 million,
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Buttery Ice-Cream had sales of $7.25 million in 2020. Its cost of goods sold was $4.5 million, and it had $1.2 million in selling, general, and administrative expenses. It paid interest of $21000 and dividends to its shareholders of $16000. For simplicity, assume a flat tax rate of 31%. The firm?s operating profit in 2020 was
$1,039,010 |
$1,529,000 |
$1,055,010 |
$1,550,000 |
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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