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Question 2 (20 points) On BeDeM Inc.'s 2019 income statement, it had sales of $212,000, with a cost of goods sold of $50,000. The firm's
Question 2 (20 points) On BeDeM Inc.'s 2019 income statement, it had sales of $212,000, with a cost of goods sold of $50,000. The firm's operating expenses were $51,000 and depreciation was $42,000. The firm distributed $39,000 as dividends to stockholders, which was 75% of its 2019 net income. Assuming the firm's EBIT and its operating income were the same in 2019, and the firm's earnings are taxed at 35%. (a) (5 points) Calculate the firm's Operating Income in 2019. (b) (5 points) Calculate the firm's EBITDA in 2019. (c) (10 points) Find the firm's EBITDA/Interest coverage ratio in 2019
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