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The Income Statement for Ray Company for the Year Ended

Question 37

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The income statement for Ray Company for the year ended December 31, 2013, appears below.
The income statement for Ray Company for the year ended December 31, 2013, appears below. *Includes $30,000 of interest expense and $18,000 of income tax expense. Additional information: Required: Compute the following ratios for 2013: *Includes $30,000 of interest expense and $18,000 of income tax expense.
Additional information:
The income statement for Ray Company for the year ended December 31, 2013, appears below. *Includes $30,000 of interest expense and $18,000 of income tax expense. Additional information: Required: Compute the following ratios for 2013: Required: Compute the following ratios for 2013:
The income statement for Ray Company for the year ended December 31, 2013, appears below. *Includes $30,000 of interest expense and $18,000 of income tax expense. Additional information: Required: Compute the following ratios for 2013:

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