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What was the amount of taxes paid

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Reference no: EM132939172

You overheard a conversation at work about your company's 2019 Income Statement that indicated:

  • Last year's revenues were $ $510,967,632
  • Interest expense was $20,438,705
  • The corporate tax rate was 30%
  • COGS was 40% of revenues
  • Operating expenses were 20% of revenues
  • Depreciation expenses were $25,548,382

Problem 1: What was the amount of taxes paid?

Reference no: EM132939172

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