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Given the accounting income statement for Einstein Energy below, calculate NOPLAT. Assume that the tax rate is constant. Einstein Energy Income Statement 2019 Revenues $75,000
Given the accounting income statement for Einstein Energy below, calculate NOPLAT. Assume that the tax rate is constant. Einstein Energy Income Statement 2019 Revenues $75,000 Cost of Goods Sold 30,000 Sales and marketing expenses 8,000 Administrative expenses 5,000 Depreciation 6,000 Research and Development Expense 4,000 Earnings before Interest and Taxes 22,000 Interest Expense 3,000 Earnings before taxes 19,000 Taxes 4,750 Net Income $14,250
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