Consider the following income statement: Sales.....................$824,500 Costs......................538,900 Depreciation.............126,500 EBIT..............................? Taxes (34%).....................? Net income.....................? Fill in the missing
Question:
Consider the following income statement:
Sales.....................$824,500
Costs......................538,900
Depreciation.............126,500
EBIT..............................?
Taxes (34%).....................?
Net income.....................?
Fill in the missing numbers and then calculate the OCF. What is the depreciation tax shield?
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Given data Sales 824500 Variable cost 538900 ...View the full answer
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Anurag Agrawal
I am a highly enthusiastic person who likes to explain concepts in simplified language. Be it in my job role as a manager of 4 people or when I used to take classes for specially able kids at our university. I did this continuously for 3 years and my god, that was so fulfilling. Sometimes I've skipped my own classes just to teach these kids and help them get their fair share of opportunities, which they would have missed out on. This was the key driver for me during that time. But since I've joined my job I wasn't able to make time for my passion of teaching due to hectic schedules. But now I've made a commitment to teach for at least an hour a day.
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Related Book For 
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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