Question: this is what I have so far is it correct - B6 = Sales, B7 = Cost, B8 = Depreciation, B9 = interest, B10 =
this is what I have so far is it correct - B6 = Sales, B7 = Cost, B8 = Depreciation, B9 = interest, B10 = Tax rates. Nataro, Inc., has sales of $742,000, costs of $316,000, depreciation expense of $39,000, interest expense of $34,000, and a tax rate of 21 percent. What is the net income for this firm? Input area: Sales $742,000 Costs $316,000 Depreciation expense $39,000 Interest expense $34,000 Tax rate 21% (Use cells A6 to B10 from the given information to complete this question.) Output area: Income Statement Sales $742,000 Costs 316,000 Depreciation expense 39,000 EBIT $387,000 Interest expense 34,000 EBT $353,000 Taxes (21%) 3,530,000 Net income =( (B6-B7-B8)-B9)-( (B6-B7-B8)-B9)*B10) Input area: Sales $742,000 Costs $316,000 Depreciation expense $39,000 Interest expense $34,000 Tax rate 21% (Use cells A6 to B10 from the given information to complete this question.) Output area: Income Statement Sales $742,000 Costs 316,000 Depreciation expense 39,000 EBIT $387,000 Interest expense 34,000 EBT $353,000 Taxes (21%) 3,530,000 Net income =( (B6-B7-B8)-B9)-( (B6-B7-B8)-B9)*B10)
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