Stenabolic Industries had the following operating results for 2019: sales = $15,200; cost of goods sold = $11,400; depreciation expense = $2,700; interest expense = $520; dividends paid = $600. At the beginning of the year, net fixed assets were $9,100, current assets were $3,200, and current liabilities were $1,800. At the end of the year, net fixed assets were $9,700, current assets were $3,850, and current liabilities were $2,100. The tax rate for 2015 was 34%.
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