Question: Questions 18, 19, and 20 will be based on the following income statement: Sales/Revenue $15,500,000 Costs of Goods Sold $3,800,000 SG&A $2,100,000 Depreciation $3,200,000 Interest

income statement: Sales/Revenue $15,500,000 Costs of Goods Sold $3,800,000 SG&A $2,100,000 Depreciation

$3,200,000 Interest Expenses $400,000 Tax Rate 21% Dividend Payments $950,000 What was

Questions 18, 19, and 20 will be based on the following income statement: Sales/Revenue $15,500,000 Costs of Goods Sold $3,800,000 SG&A $2,100,000 Depreciation $3,200,000 Interest Expenses $400,000 Tax Rate 21% Dividend Payments $950,000 What was this firm's Operating Income (EBIT)? $6,000,000 $8,400,000 $6,400,000 $11.700,000 Question 19 2.5 pts What was the firm's net income? $6,400,000 $6,000,000 $1,260,000 $4,740,000 Question 20 2.5 pts How much did this firm add to its retained earnings this given year? $4,740,000 $3,790,000 $6,000,000 $6,400,000

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