Please help answer C, I got A B correct but but C 7 Sheryls Shipping had sales last year of $15,500 The cost of goods sold was $7,600, general and administrative expenses were $2,100, interest expenses were $1,600, and depreciation was $2,100 The firms tax rate is 21 What are earnings before interest and taxes What is net income What is cash flow from operations Answer is complete but not entirely correct a Earnings before interest and taxes $3,700s b Net income $1,659 c Cash flow from operations $5,359

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Question: Please help answer C, I got A & B correct but but C 7. Sheryls Shipping had sales last year of $15,500. The cost of

Please help answer C, I got A & B correct but but C

7. Sheryls Shipping had sales last year of $15,500. The cost of goods sold was $7,600, general and administrative expenses were $2,100, interest expenses were $1,600, and depreciation was $2,100. The firms tax rate is 21%.

What are earnings before interest and taxes?
What is net income?
What is cash flow from operations?

Answer is complete but not entirely correct.

a. Earnings before interest and taxes	$3,700s
b. Net income	$1,659
c. Cash flow from operations	$5,359

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