Question: How much is Robinson Co. EBIT? How much is Robinson Co. Net Income? A Common Size Balance Sheet, shows an Accounts Receivable value of: A

Robinson Corporation Balance Sheet As of December 31, 2019 2019 S 40,000 $ 320,000 $ 656,000 $ 1,016,000 $426,000 $ 122,000 Assets Cash and equivalent Accounts Receivable Inventory Total Current Assets Equipment Accumulated Depreciation Net Fixed Assets Total assets Liabilities and Owner's Equity NP A/P Accruals Total Current Liabilities Bonds Payable Total Liabilities Common Stock Retained earnings Total Stockholders' Equity Total Liabilities & Owner's Equity $ 140,000 $ 160,000 S 112.000 $ 412,000 $ 400,000 $ 172,000 Robinson Corporation Income Statement For the year ended December 31,2019 2019 Sales $3,500,000 COGS $2.400.000 Gross Profit $1,100,000 Selling and Administrative $215,000 expenses Fixed Expenses $80,000 Depreciation & Amortization $6.000 EBIT $120,000 EBT S679,000 Tax (30%) Net Income Interest exp
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