Zappos Crop has prepared the following income statement for its last fiscal year. What is the...
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Zappos Crop has prepared the following income statement for its last fiscal year. What is the firm's break- even point for sales revenues? Rounding may make a small difference, pick the closest answer. Sales Variable costs Fixed costs EBIT Interest expense Earnings before taxes Taxes (25%) Net income $3,400,000 1,865,000 1,200,000 335,000 35,000 300,000 75,000 $225,000 Zappos Crop has prepared the following income statement for its last fiscal year. What is the firm's break- even point for sales revenues? Rounding may make a small difference, pick the closest answer. Sales Variable costs Fixed costs EBIT Interest expense Earnings before taxes Taxes (25%) Net income $3,400,000 1,865,000 1,200,000 335,000 35,000 300,000 75,000 $225,000
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The breakeven point can be calculated using the following formula Fix... View the full answer
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
Posted Date:
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