Write the answers to the following questions Consider the following income statement: Sales ......... $734,800 Costs ........
Question:
Write the answers to the following questions
Consider the following income statement:
Sales ......... $734,800
Costs ........ $327,600
Depreciation ..... $102,000
EBIT ............ ?
Tax (35%) .........?
Net Income ..........?
SHOW WORK
1. Calculate the EBIT, Tax, and Net Income.
2. Calculate the OCF.
3. What is the depreciation tax shield?
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1 Computation of the EBIT and Tax and Net Income Particulars Amou...View the full answer
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Related Book For 
Integrated Accounting
ISBN: 978-1285462721
8th edition
Authors: Dale A. Klooster, Warren Allen, Glenn Owen
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