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 $ 9,500 $ 3,500 $ 4,500 $ 2,500 $ 2,500 a. What was the firm's net income? b. What must have been the firm's revenues? c. What was EBIT? a. Net income b. Revenues c. EBIT

A firm's income statement included the following data. The firm's average tax rate was 25%. a. What was the firm's net income? b. What must have been the firm's revenues? c. What was EBIT