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Sheryl's Shipping had sales last year of $13,500. The cost of goods sold was $7,200, general and administrative expenses were $1,700, interest expenses were
Sheryl's Shipping had sales last year of $13,500. The cost of goods sold was $7,200, general and administrative expenses were $1,700, interest expenses were $1,200, and depreciation was $1,700. The firm's tax rate is 21%. a. What are earnings before interest and taxes? Earnings before interest and taxes $ 2,900 b. What is net income? Net income $ 1,190 c. What is cash flow from operations? Cash flow from operations $ 2,890
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