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Question - Tryfan Co. has $250,000 of current liabilities and $750,000 of long-term debt. Equity capital is $4,000,000. Interest on the long-term debt is at a rate of 10% per annum and their tax rate is 20%. Operating income for 2020 was $825,000. Dividend in 2020 was $660,000. Find the net income for 2020?

Reference no: EM133148180

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