Question: Hi Can you help me understand the correct formula? PAGE LAYOUT REVIEW VIEW INSERT DATA Sign In FILE HOME FORMULAS Arial - 12 - A

Hi Can you help me understand the correct formula?

PAGE LAYOUT REVIEW VIEW INSERT DATA Sign In FILE HOME FORMULAS Arial - 12 - A" A" 96 Alignment Number Conditional Format as Cell Editing BIU- B- - A. Formatting . Table. Styles Clipboard Fort Style A D20 * v f B C D E F G H Sales 61,000 Costs 29,600 Addition to retained earnings 5,600 Dividends paid 1,950 10 Interest expense 4,300 11 Tax rate 21% 12 13 Complete the following analysis. Do not hard code values in your calculations. 14 NOTE: You must enter your calculations in the order numbered in Column B. 15 16 Income Statement 17 1) Sales S 61,000 18 2) Costs 29,600 19 10) Depreciation expense 20 9) EBIT 21 8) Interest expense 22 6) EBT 23 7) Taxes 24 51 Net income 25 Sheet1 READY Hint Attempt() 3/3

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