Question: Problem 4 (30 points) Consider the following financial statement information and answer the questions below. Intangible assets 14 million KD Total revenue 75 million KD

 Problem 4 (30 points) Consider the following financial statement information and

Problem 4 (30 points) Consider the following financial statement information and answer the questions below. Intangible assets 14 million KD Total revenue 75 million KD Taxes 0.25 million KD Inventories 6 million KD Interest expenses 9 million KD Cost of goods sold 38 million KD General and administrative expenses 16 million KD Loans 15 million KD a. Calculate the gross profit. b. Calculate the EBIT. c. Calculate net income. Show steps in all questions above

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