Question: During 2 0 2 4 , Belyk Paving Co . had Sales of $ 3 , 1 0 0 , 0 0 0 . It's

During 2024, Belyk Paving Co. had Sales of $3,100,000. It's Cost of goods sold; Administrative expenses and Depreciation expenses were $1,940,000; $475,000 and $530,000 respectively. In addition, the company had an interest expense of $210,000 and a tax rate of 35 percent. (Ignore tax loss carry back or carry forward provisions).
Which of the following statements is true about Belyk?

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