Question: b Questions 18, 19, and 20 will be based on the following income statement: Sales/Revenue $15,500,000 Costs of Goods Sold $4,100,000 SG&A $2,100,000 Depreciation $3,200,000

income statement: Sales/Revenue $15,500,000 Costs of Goods Sold $4,100,000 SG&A $2,100,000 Depreciation

Questions 18, 19, and 20 will be based on the following income statement: Sales/Revenue $15,500,000 Costs of Goods Sold $4,100,000 SG&A $2,100,000 Depreciation $3,200,000 Interest Expenses $400,000 Tax Rate 19% Dividend Payments $950,000 What was this firm's Operating Income (EBIT)? $4,212,000 $4,617,000 $6.100,000 $5,800,000 Question 19 What was the firm's net income? $6,700.000 $6.100.000 $4617.000 $4,212,000 Question 20 How much did this firm add to its retained earnings this given year? $4,617,000 $3,667,000 $3,811,000 $4,220,000

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