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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.
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