h

r 2A A Saved 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) Less: Cost of goods sold Gross profits Less: Other operating expenses EBITDA Less: Depreciation and amortization EBIT Less: Interest EBT $ 2,585 780 $ 1,805 555 $ 1,250 392 858 415 $ 443 Less: Taxes Net income $ Determine the firm's 2021 tax liability. Tax liability Determine the firm's 2021 net income. Net income 1 Determine the firm's 2021 net income. 2. points Net income Skipped eBook Hint Determine the firm's 2021 average tax rate. (Round your answer to 2 decimal places.) References Average tax rate % Determine the firm's 2021 marginal tax rate. Marginal tax rate %