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A firms income statement included the following data. The firms average tax rate was 25%. Cost of goods sold $ 9,500 Income taxes paid 3,500
A firms income statement included the following data. The firms average tax rate was 25%. |
Cost of goods sold | $ 9,500 |
Income taxes paid | 3,500 |
Administrative expenses | 4,500 |
Interest expense | 2,500 |
Depreciation | 2,500 |
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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