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Consider the following income statement: Sales $ 620,432 Costs 403,648 Depreciation 91,800 Taxes 31 % (a ) Calculate the EBIT. (b ) Calculate the net
Consider the following income statement:
Sales $ 620,432
Costs 403,648
Depreciation 91,800
Taxes 31 %
(a ) Calculate the EBIT. (b ) Calculate the net income. (c ) Calculate the OCF. (d ) What is the depreciation tax shield?
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