Sheryls Shipping had sales last year of $12,500. The cost of goods sold was $7,000, general and administrative expenses were $1,500, interest expenses were $1,000, and depreciation was $1,500. The firms tax rate is 40%.

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

$