A firm's income statement included the following data. The firm's average tax rate was 25%. Cost of
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Question:
A firm's income statement included the following data. The firm's average tax rate was 25%.
Cost of goods sold$9,100
Income taxes paid$3,100
Administrative expenses$4,100
Interest expense$2,100
Depreciation$2,100
a.What was the firm's net income?
b.What must have been the firm's revenues?
c.What was EBIT?
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