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Assumptions: Tax rate: 35% of Earnings Before Taxes, Depreciation: $2,000, Interest Expense = 10% of Total Debt FILL IN ALL THE SPOTS!!! Including TAXES and

Assumptions: Tax rate: 35% of Earnings Before Taxes, Depreciation: $2,000, Interest Expense = 10% of Total Debt

FILL IN ALL THE SPOTS!!! Including TAXES and Net Income

Income Statement

Debt $5,000

Current Assets $400

Total Assets $ 1,500

Sales

COGS

8,410

Gross Profit

9,325

Operating Expense

Operating Profit

6,011

Interest Expense

Depreciation

Net before Taxes

Taxes

Net Income

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