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A firms income statement included the following data. The firms average tax rate was 20%. Cost of goods sold $ 10,000 Income taxes paid 4,000
| A firms income statement included the following data. The firms average tax rate was 20%. |
| Cost of goods sold | $ 10,000 |
| Income taxes paid | 4,000 |
| Administrative expenses | 5,000 |
| Interest expense | 3,000 |
| Depreciation | 3,000 |
| a. | What was the firms net income? |
| Net income | $ |
| b. | What must have been the firms revenues? |
| Revenues | $ |
| c. | What was EBIT? |
| EBIT | $ |
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Fundamentals of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
5th edition
205989756, 978-0205989751
