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oblems (Profitability ratios) A firm had the following incom statement for last year Sales $ 37,611 20.889 16,722 11,483 1.575 3,664 1.400 2,264 792 1.472

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oblems (Profitability ratios) A firm had the following incom statement for last year Sales $ 37,611 20.889 16,722 11,483 1.575 3,664 1.400 2,264 792 1.472 Less: Cost of goods sold Gross profit Less: Operating expenses Operating profit (EBIT) Earnings before taxes (EBT) Earnings after taxes (EAT) Less: Depreciation Less: Interest expense Less: Tax expense

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