Week $1$ Problems $-$ Chapters $1-2($i$)$

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$20$

$7\mathrm{.}5$

points

Oakdale Fashions, Inc.$\text{'}$s$,2021$ income statement is reported below. $($Use corporate tax rate of $21$ percent for your calculations.$)$

Oakdale Fashions, Inc., Income Statement for $2021$

Net sales $($all credit$)$

Less: Cost of goods sold

Gross profits

Less: $0$ther operating expenses EBITDA

Less: Depreciation and amortization EBIT

Less: Interest EBT

Less: Taxes

Net income

$$585,000$

$223,000$

$$362,000$

Return to ques

$\backslash$table$[[98,000],[$$$264,000$