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A firms income statement included the following data. The firms average tax rate was 35%. (Round each step to the nearest dollar.) Cost of goods
A firms income statement included the following data. The firms average tax rate was 35%. (Round each step to the nearest dollar.) |
Cost of goods sold | $ 5,500.00 |
Administrative expenses | 1,600.00 |
Depreciation | 1,000.00 |
Interest expense | 1,200.00 |
Income taxes paid | 8,077.00 |
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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