Page 4 Problem Section (50 Points): 21. Use the following financial statements for the XYZ...
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Page 4 Problem Section (50 Points): 21. Use the following financial statements for the XYZ Corporation: Income Statement Sales Cost of Goods Sold Depreciation EBIT Interest Taxable Income Taxes (40%) Net Income 2015 $3,000,000 2,000,000 300,000 700,000 200,000 500,000 200,000 $300,000 Dividends $150,000 Add to Retained Eanings$150,000
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