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Q2 B. (20 Marks) Sheryl's Shingles had sales of $10,000 in 1997. The cost of goods sold was $6,500, general and administrative expenses were $1,000,

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Q2 B. (20 Marks) Sheryl's Shingles had sales of $10,000 in 1997. The cost of goods sold was $6,500, general and administrative expenses were $1,000, interest expenses were $500, and depreciation was $1,000. The firm's tax rate is 35 percent. a. What is earnings before interest and taxes? b. What is net income? C. What is cash flow from operations

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