You are given the following information for Troiano Pizza Company: sales = $82,400; costs = $38,850;...
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You are given the following information for Troiano Pizza Company: sales = $82,400; costs = $38,850; addition to retained earnings = $7,275; dividends paid = $2,750; interest expense = $6,060; tax rate = 24 percent. Calculate the net income. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Net income $ 10,025 Calculate the taxable income. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Taxable income Calculate the EBIT. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. EBIT Calculate the depreciation expense. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Depreciation expense You are given the following information for Troiano Pizza Company: sales = $82,400; costs = $38,850; addition to retained earnings = $7,275; dividends paid = $2,750; interest expense = $6,060; tax rate = 24 percent. Calculate the net income. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Net income $ 10,025 Calculate the taxable income. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Taxable income Calculate the EBIT. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. EBIT Calculate the depreciation expense. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Depreciation expense
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To calculate the various values we can use the following formulas Net Income Sales Costs Interest Ex... View the full answer
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Posted Date:
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