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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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