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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.) $ 2,685 800
Everybody's Fitness's 2021 income statement is reported below (in millions of dollars) (Use corporate tax rate of 21 percent for your calculations.) $ 2,685 800 $1,885 575 Everybody's Fitness Income Statement for 2021 (in millions of dollars) Net sales (all credit) Less: Cost of goods sold Gross profits Less: Other operating expenses EBITDA Less: Depreciation and amortization EBIT Less: Interest Less: Taxes Net income 1,310 412 898 435 463 Determine the firm's 2021 tax liability. Tax liability T Determine the firm's 2021 net income. Net income
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