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Calculate the EBIT for Whistler Corp in 2014. Please show your work. Income Statement 2014 Sales $165,300 Cost of goods sold -46,200 Depreciation expenses -1,400
Calculate the EBIT for Whistler Corp in 2014. Please show your work.
| Income Statement | 2014 |
| Sales | $165,300 |
| Cost of goods sold | -46,200 |
| Depreciation expenses | -1,400 |
| Net interest expenses | -2,000 |
| Other expenses | -5,600 |
| Income before taxes | $110,100 |
| Provision for income taxes | -40,900 |
| Net income | $69,200 |
| Dividends paid | 22,000 |
| Additions to retained earnings | $47,200 |
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