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A firms income statement included the following data. The firms average tax rate was 25%. Cost of goods sold $ 8,500 Income taxes paid $

A firms income statement included the following data. The firms average tax rate was 25%.

Cost of goods sold $ 8,500
Income taxes paid $ 2,500
Administrative expenses $ 3,500
Interest expense $ 1,500
Depreciation $ 1,500

a. What was the firms net income?

b. What must have been the firm's revenues?

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