Last year, Johnson Mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300 The firm paid $700 in dividends and had a tax rate of 35 percent The firm added $2,810 to retained earnings The firm had no long term debt What was the depreciation expense?

Answer rating: 100% (QA)

Revenue 37800 Cost of goods sold 23200 admin expen... View the full answer