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Business, 16.02.2021 01:00 suzy61

During 2018, Raines Umbrella Corp. had sales of $880,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $675,000, $85,000, and $190,000, respectively. In addition, the company had an interest expense of $62,000 and a tax rate of 21 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully deductible.) Suppose the company paid out $69,000 in cash dividends. If net capital spending and net working capital was zero, and if no new stock was issued during the year, what is the net new long-term debt

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During 2018, Raines Umbrella Corp. had sales of $880,000. Cost of goods sold, administrative and sel...
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