A company has net income of $100,000, total assets of $800,000 and sales of $400,000....
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Finance
A company has net income of $100,000, total assets of $800,000 and sales of $400,000. If cost of goods sold is $120,000, depreciation is $20,000 and operating expenses are $60,000, how much is interest expense? Assume a tax rate of 20% and that interest is the only missing expense. (Enter answer is whole dollars with no $ sign)
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