Solution-What is the dollar amount of taxes paid

What is the dollar amount of taxes paid

Reference no: EM131226882

Elgin Battery Manufacturers had sales of $920,000 in 2009 and their cost of goods sold represented 61 percent of sales. Selling and administrative expenses were 10 percent of sales. Depreciation expense was $18,000 and interest expense for the year was $9,000. The firm's tax rate is 27 percent. What is the dollar amount of taxes paid?

Reference no: EM131226882

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What is the dollar amount of taxes paid : Selling and administrative expenses were 10 percent of sales. Depreciation expense was $18,000 and interest expense for the year was $9,000. The firm's tax rate is 27 percent. What is the dollar amount of taxes paid?

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What is the dollar amount of taxes paid

Reference no: EM131226882

Reference no: EM131226882

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