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A firm's income statement included the following data. The firm's average tax rate was 25%. Cost of goods sold Income taxes paid Administrative expenses Interest
A firm's income statement included the following data. The firm's average tax rate was 25%. Cost of goods sold Income taxes paid Administrative expenses Interest expense Depreciation $ 9,900 $ 3,900 $ 4,900 $ 2,900 $ 2,900 a. What was the firm's net income? Net income b. What must have been the firm's revenues? Revenues c. What was EBIT? EBIT
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