Intro

Skyhawk Inc. recently had $$25,500$ in sales, $$14,800$ of operating costs other than depreciation, and $$2,100$ of depreciation. The company had $$10,000$ of bonds outstanding with a $8\%$ interest rate, and its federal$-$plus$-$state income tax rate was $40\%.$

Part $1$

Attempt $\frac{1}{3}$ for $1$ pts$.$

How much was the firm's earnings before taxes $($EBT$)?$

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Part $2$

What was net income?

$0$ dedimals

Attempt $\frac{1}{3}$ for $1$ pts$.$