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A firm s income statement includes the following data. The firm s average tax rate was 1 0 % . Depreciation is NOT included in
A firms income statement includes the following data. The firms average tax rate was
Depreciation is NOT included in the cost of goods sold or administrative expenses.
Cost of goods sold $
Income taxes paid $
Administrative expenses $
Interest expenses $
Depreciation $
a What was the firms profit before tax and profit after tax?
b What must have been firms revenue?
c What was EBIT?
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