Question: Based on the data below, determine the firm's tax liability, net income, average tax rate, and marginal tax rate. Net sales ( all credit )

Based on the data below, determine the firm's tax liability, net income, average tax rate, and marginal tax rate.
Net sales (all credit)
Less: Cost of goodssold
Gross profits
Less: Other operating expenses
Earnings before interest, taxes, depreciation, and amortization (EBITDA)90,000260,000
Less: Depreciation and amortization
Earnings before interest and taxes (EBIT)
Less: Interest
Earnings before taxes (EBT)
Less: Taxes
Net income
 Based on the data below, determine the firm's tax liability, net

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