A firm's income statement included the following data The firm's average tax rate was 2 5 ( Round each step to the nearest dollar ) a What was the firm's net income Net income $ b What must have been the firm's revenues Revenues c What was EBIT

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A firm's income statement included the following data. The firm's average tax rate was 2 5 % . ( Round each step to the nearest

A firm's income statement included the following data. The firm's average tax rate was

25 % . (

Round each step to the nearest dollar.

)

.

What was the firm's net income?

Net income

.

What must have been the firm's revenues?

Revenues

.

What was EBIT?

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