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Consider the following income statement: Required: (a) Fill in the missing numbers. (Do not include the dollar signs ($). Round your taxes and net income
Consider the following income statement: |
Required: |
(a) | Fill in the missing numbers. (Do not include the dollar signs ($). Round your taxes and net income to 2 decimal places. (e.g., 32.16)) |
Sales | $456,200 |
Costs | 296,800 |
Depreciation | 67,500 |
EBT | $ |
Taxes (33%) | |
Net income | $ |
(b) | Calculate the OCF. (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16)) |
The OCF is | $ |
(c) | What is the depreciation tax shield? (Do not include the dollar sign ($).) |
The depreciation tax shield | $ |
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