Sales

Operating Costs

Depreciation and Amortization

Operating Income (EBIT)

Interest Expense

Earnings Before Taxes

Tax Expense (40%)

Net Income

Norris Automotive's operating income for the year was $900,000. Their net profit margin was 2.25% and their operating profit margin was 4.25%. Their total taxes amount to 40%. Depreciation was 10% of net fixed assets which totaled $1,250,000. Complete their Income statement with the template given. Hint: Think about what parts of the income statement could come from knowing NPM and OPM ratios.