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Sheryl's Shipping had sales last year of $20,000. The cost of goods sold was $8,500, general and administrative expenses were $3,000, interest expenses were $2,500,
Sheryl's Shipping had sales last year of $20,000. The cost of goods sold was $8,500, general and administrative expenses were $3,000, interest expenses were $2,500, and depreciation was $3,000. The firm's tax rate is 21%. a. What are earnings before interest and taxes? Earnings before interest and taxes | $ 5,500 b. What is net income? Net income c. What is cash flow from operations? Cash flow from operations
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