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Please calculate gross profit, EBIT, EBT, interest expense, taxes paid and operating profit margin for the following Use the following information to calculate the next

Please calculate gross profit, EBIT, EBT, interest expense, taxes paid and operating profit margin for the following

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Use the following information to calculate the next six values. Last year, Davies Inc. had sales of $500,000, with a cost of goods sold of $177,000. The firm's operating expenses were $165,000 and net income was $93,200. Assume the firm's earnings are taxed at 34 percent. Note: All line items on this basic income statement will have values greater than zero

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