Chapter 3 Homework 1\ Sheryl's Shipping had sales last year of

$16,500

. The cost of goods sold was

$7,800

, general and administrative expenses were

$2,300

, interest expenses were

$1,800

, and depreciation was

$2,300

. The firm's tax rate is

21%

.\ 10\ a. What are earnings before interest and taxes?\ b. What is net income?\ c. What is cash flow from operations?\ \\\\table[[a. Eamings before interest and taxes],[b. Net income],[c. Cash flow from operations]]

Sheryl's Shipping had sales last year of $16,500. The cost of goods sold was $7,800, general and administrative expenses were $2,300, interest expenses were $1,800, and depreciation was $2,300. The firm's tax rate is 21%. a. What are earnings before interest and taxes? b. What is net income? c. What is cash flow from operations