INCOME STATEMENT

For the most recent fiscal year, Carmichael Hobby Shop recorded EBITDA of $512,725.20, EBIT of $362,450.20, zero interest expense, and cash flow to investors from operating activity of $348,461.25. Assuming there are non-cash revenue recorded on the income statement.

1. what is the firm's net income after taxes?

2. After computing Net income, work from bottom up to determine the value of Taxes, EBT, and Interest.

Amount

Revenues n/a

Costs n/a

EBITDA

Depreciation

EBIT

Interest

EBT

Taxes (34%)

Net income