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Everybody's Fitness's 2021 income statement is reported below (in millions of dollars) (Use corporate tax rate of 21 percent for your calculations.) Everybody's Fitness Income
Everybody's Fitness's 2021 income statement is reported below (in millions of dollars) (Use corporate tax rate of 21 percent for your calculations.) Everybody's Fitness Income Statement for 2021 (in millions of dollars) Net sales (all credit) $1,785 620 Less: Cost of goods sold Gross profits $1,165 395 Less: Other operating expenses EBITDA $ 770 Less: Depreciation and amortization 232 EBIT $ 538 255 Less: Interest EBT $ 283 Less: Taxes Net income $ Determine the firm's 2021 tax liability. (Enter your answer in dollars) > Answer is complete but not entirely correct. Tax liability $ 59,430,000 X Determine the firm's 2021 net income. (Enter your answer in dollars) Answer is complete but not entirely correct. Net income 224 X
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