During the year, Belyk Paving

Anonymous
timer Asked: Nov 2nd, 2015

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During the year, Belyk Paving Co. had sales of $2,600,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,535,000, $465,000, and $520,000, respectively. In addition, the company had an interest expenses of $245,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.)

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