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How much was the interest charge for mri

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Reference no: EM132736480

Use the following information for Motion Research, Inc. (MRI)

Sales$200,000

Costs $105,000

SG&A $20,000

Depreciation $16,000

Dividend paid $6,000

Retained Earnings Added $18,000

Total Assets $85,000

Equity $45,000

Tax Rate 35%

Problem 1: How much was the interest charge for MRI?

A. $15,923
B. $19,000
C. $22,077
D. $9,769
E. $6,692
F. $12,846

Reference no: EM132736480

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