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Fill in the following missing income statement values. The cases are independent. Case ACase BSales 250,000COGS 200,000 Gross Profit 150,000Operating Expenses 60,000 60,000Operating Income (EBIT)
Fill in the following missing income statement values. The cases are independent. Case ACase BSales 250,000COGS 200,000 Gross Profit 150,000Operating Expenses 60,000 60,000Operating Income (EBIT) Interest Expense 10,000 Income before Taxes (EBT) 80,000Tax Expense (40%) 92,000 Net Income
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