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QUESTION
Butterfly Tractors had $18.50 million in sales last year. Cost of goods sold was $8.90 million, depreciation expense was $2.90 million, interest...
Butterfly Tractors had $18.50 million in sales last year. Cost of goods sold was $8.90 million, depreciation expense was $2.90 million, interest payment on outstanding debt was $1.90 million, and the firm's tax rate was 30%.
