#4	You have the following data:
	Net sales	$8,700
	Cost of goods sold	$7,340
	Depreciation	$405
	Earnings before interest and taxes	$955
	Interest paid	$82
	Taxable income	$873
	Taxes	$306
	Net income	$567
A.	What is the EBITDA?
	a	EBITDA =	$1,360
	b	EBITDA =	$1,630
	c	EBITDA =	$1,460
	d	EBITDA =	$1,260
B.
	What is the average or marginal tax rate?
	a	Average or marginal tax rate	35.05%
	b	Average or marginal tax rate	34.04%
	c	Average or marginal tax rate	33.03%
	d	Average or marginal tax rate	36.06%