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Sheryls Shipping had sales last year of $17,500. The cost of goods sold was $8,000, general and administrative expenses were $2,500, interest expenses were $2,000,

Sheryls Shipping had sales last year of $17,500. The cost of goods sold was $8,000, general and administrative expenses were $2,500, interest expenses were $2,000, and depreciation was $2,500. The firms tax rate is 35%.

a. What are earnings before interest and taxes?

b. What is net income?

c. What is cash flow from operations?

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