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
Less: Depreciation and amortization
Earnings before interest and taxes EBIT
Less: Interest
Earnings before taxes EBT
Less: Taxes
Net income
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