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Sheryls Shipping had sales last year of $12,000. The cost of goods sold was $6,900, general and administrative expenses were $1,400, interest expenses were $900,

Sheryls Shipping had sales last year of $12,000. The cost of goods sold was $6,900, general and administrative expenses were $1,400, interest expenses were $900, and depreciation was $1,400. The firms tax rate is 30%.

a. What are earnings before interest and taxes?

Earnings before interest and taxes $

b. What is net income?

Net income $

c. What is cash flow from operations?

Cash flow from operations $

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