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Oakdale Fashions, Inc. s , 2 0 2 1 income statement is reported below. ( Use corporate tax rate of 2 1 percent for your
Oakdale Fashions, Inc.s income statement is reported below. Use corporate tax rate of percent for your calculations. Oakdale Fashions, Inc., Income Statement for Net sales all credit $ Less: Cost of goods sold Gross profits $ Less: Other operating expenses EBITDA $ Less: Depreciation and amortization EBIT $ Less: Interest EBT $ Less: Taxes Net income $ Determine the firm's tax liability. Determine the firm's net income. Determine the firm's average tax rate. Round your answer to decimal places. Determine the firm's marginal tax rate.
Oakdale Fashions, Inc.s income statement is reported below. Use corporate tax rate of percent for your calculations.
Oakdale Fashions, Inc., Income Statement for
Net sales all credit $
Less: Cost of goods sold
Gross profits $
Less: Other operating expenses
EBITDA $
Less: Depreciation and amortization
EBIT $
Less: Interest
EBT $
Less: Taxes
Net income $
Determine the firm's tax liability.
Determine the firm's net income.
Determine the firm's average tax rate. Round your answer to decimal places.
Determine the firm's marginal tax rate.
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