\begin{tabular}{|lccc|} \hline \multicolumn{1}{c}{ Income statement } & & & \\ \hline Sales & 2016 & 2017 & 2018 \\ \hline Cost of goods sold & 5510 & 6040 & 6530 \\ \hline SG\&A expense & 4542 & 5051 & 5366 \\ \hline Depreciation & 425 & 435 & 485 \\ \hline Interest expense & 82 & 74 & 69 \\ \hline Interest income & 65 & 42 & 53 \\ \hline Income before taxes & 4 & 2 & 3 \\ \hline Income tax & ??? & ??? & ???? \\ \hline Net Income/(loss) & ??? & ??? & ??? \\ \hline \end{tabular} \begin{tabular}{|lccc|} \hline LIABILITIES & 350 & 423 & 428 \\ \hline Accounts payable & 220 & 250 & 285 \\ \hline Accrued expenses & 570 & 673 & 713 \\ \hline Total current liabilities & 380 & 360 & 460 \\ \hline Long-term debt & 950 & 1033 & 1173 \\ \hline Total Liabilities & & & \\ \hline & & & \\ \hline Shareholders' equity & 480 & 480 & 480 \\ \hline Common stock & 24 & 110 & 117 \\ \hline Retained earnings & 504 & 590 & 597 \\ \hline Total shareholder's equity & & & \\ \hline & 1454 & 1623 & 1770 \\ \hline Total Liabilities and Equity & & & \\ \hline \end{tabular} \begin{tabular}{|lccc|} \hline & Balance Sheet & & \\ \hline & 2016 & 2017 & 2018 \\ \hline ASSETS & \multicolumn{3}{|c|}{} \\ \hline Cash and equivalents & 12 & 13 & 31 \\ \hline Marketable securities & 86 & 88 & 90 \\ \hline Accounts receivable & 86 & 90 & 96 \\ \hline Inventories & 740 & 850 & 950 \\ \hline Total current assets & 924 & 1041 & 1167 \\ \hline & & & \\ \hline Property and equipment at cost & 650 & 730 & 830 \\ \hline Accumulated depreciation & 205 & 248 & 312 \\ \hline Net property and equipment & ??? & ??? & ??? \\ \hline & & & \\ \hline Other non-current assets & 85 & 100 & 85 \\ \hline Total assets & 1454 & 1623 & 1770 \\ \hline \end{tabular} EBIT in 2017 Question 2 EBIT in 2018 Tax rate in 2017 (answer in percentage) Question 8 Tax rate in 2018 (answer in percentage)