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Explaination on the photo I send please. Canadian Tire Income Statement For the Year Ended [Month Day, 201X]: 2022 Sales revenue Cost of goods sold

Explaination on the photo I send please. Canadian Tire Income Statement For the Year Ended [Month Day, 201X]: 2022 Sales revenue Cost of goods sold (direct cost) Gross profit Other expenses (indirect cost) Operating and SA&G Expenses Earnings Before Interest Tax Depreciation Amortization Depreciation and amortization Earnings Before Interest and Tax (Operating Income/Profit) Interest Earning Before Tax (Taxable Income) Tax (assume 40% tax rate) Net Income (Net Profit) NOPAT 17,810,600 17,810,600 11,712,700 11,712,700 6,097,900 3,502,500 3,502,500 2,595,400 2,595,400 26,600 2,568,800 401,000 2,167,800 X 26.6

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