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Problem 3-16 Income Statement (LO3) Sheryls Shipping had sales last year of $18,000. The cost of goods sold was $8,100, general and administrative expenses were
Problem 3-16 Income Statement (LO3)
Sheryls Shipping had sales last year of $18,000. The cost of goods sold was $8,100, general and administrative expenses were $2,600, interest expenses were $2,100, and depreciation was
$2,600. The firms tax rate is 21%.
What are earnings before interest and taxes?
What is net income?
What is cash flow from operations?
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