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Problem 3-16 Income Statement (LO3) Sheryl's Shipping had sales last year of $14,500. The cost of goods sold was $7,400, general and administrative expenses were

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Problem 3-16 Income Statement (LO3) Sheryl's Shipping had sales last year of $14,500. The cost of goods sold was $7,400, general and administrative expenses were $1,900, interest expenses were $1,400, and depreciation was $1,900. The firm's tax rate is 21%. a. What are earnings before interest and taxes? Earnings before interest and taxes

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