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Oakdale Fashions, Incorporateds, income statement is reported below. (Use corporate tax rate of 21 percent for your calculations.) Oakdale Fashions, Incorporated, Income Statement Net sales
Oakdale Fashions, Incorporateds, income statement is reported below. (Use corporate tax rate of 21 percent for your calculations.)
Oakdale Fashions, Incorporated, Income Statement | |
Net sales (all credit) | $ 570,000 |
---|---|
Less: Cost of goods sold | 217,000 |
Gross profits | $ 353,000 |
Less: Other operating expenses | 92,000 |
EBITDA | $ 261,000 |
Less: Depreciation and amortization | 15,200 |
EBIT | $ 245,800 |
Less: Interest | 80,500 |
EBT | $ 165,300 |
Less: Taxes | |
Net income | $ |
Determine the firm's tax liability.
Determine the firm's net income.
Determine the firm's average tax rate.
Determine the firm's marginal tax rate.
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