Question
Income statement for Labos Inc. Revenue 400,000 Cost of Goods Sold 100,000 SG&A 175,000 Depreciation 30,000 EBIT 95,000 Interest 15,000 Income Before Taxes 80,000 Taxes
Income statement for Labos Inc. | |
Revenue | 400,000 |
Cost of Goods Sold | 100,000 |
SG&A | 175,000 |
Depreciation | 30,000 |
EBIT | 95,000 |
Interest | 15,000 |
Income Before Taxes | 80,000 |
Taxes | 28,000 |
Net Income | 52,000 |
Calculate the tax rate and operating cash flow for Labos Inc. (HINT: based on Ch10.1)
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Business Writing For Hospitality
Authors: Peter Nyhiem, Vivienne J Wildes
1st Edition
0131715712, 9780131715714
