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need help! nces calculations.) Net salen (all credit) Less: Cost of goods sold Gross profits $2,285 720 $1,565 Less: Other operating expenses 495 EBITDA $1,070
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nces calculations.) Net salen (all credit) Less: Cost of goods sold Gross profits $2,285 720 $1,565 Less: Other operating expenses 495 EBITDA $1,070 Less: Depreciation and amortization 332 EBIT $ 738 355 Less: Interest EBT $ 383 Less: Taxes Net income $ Determine the firm's 2021 tax liability. (Enter your answer in dollars) Tax liability 81 Determine the firm's 2021 net income. (Enter your answer in dollars) Net income Determine the firm's 2021 average tax rate. (Round your answer to 2 decimal places.) Average tax rate Determine the firm's 2021 marginal tax rate. Marginal tax rate % Everybody's Fitness Income Statement for 2021 (in millions of dollars) nces calculations.) Net salen (all credit) Less: Cost of goods sold Gross profits $2,285 720 $1,565 Less: Other operating expenses 495 EBITDA $1,070 Less: Depreciation and amortization 332 EBIT $ 738 355 Less: Interest EBT $ 383 Less: Taxes Net income $ Determine the firm's 2021 tax liability. (Enter your answer in dollars) Tax liability 81 Determine the firm's 2021 net income. (Enter your answer in dollars) Net income Determine the firm's 2021 average tax rate. (Round your answer to 2 decimal places.) Average tax rate Determine the firm's 2021 marginal tax rate. Marginal tax rate % Everybody's Fitness Income Statement for 2021 (in millions of dollars) Step by Step Solution
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