You are given the following information for Ted's Dread Co.: sales = $51,700, costs =...
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You are given the following information for Ted's Dread Co.: sales = $51,700, costs = $39,100; addition to retained earnings = $2,925; dividends paid = $960; interest expense = $1,510; tax rate = 30 percent. Calculate the net income. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net income Calculate the taxable income. (Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Taxable income Calculate the EBIT. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Calculate the EBIT. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) EBIT Calculate the depreciation expense. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Depreciation expense
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