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Show all work please and thank you! Table 6 contains incomplete Balance Sheet and Income Statement Information for Paul Corporation for the years 1993 through
Show all work please and thank you!
Table 6 contains incomplete Balance Sheet and Income Statement Information for Paul Corporation for the years 1993 through 1995. Paul Corporation's Tax Rate is 35%. Feel free to complete the table as you work through the problem. Table 6: Paul Corporation Financial Data Paul Corporation Income Statement Data Total Revenue Total Operating Expense 1993 $ 2,444 $ 2,251 1994 $ 2,877 $ 2,585 1995 $ 2,997 $ 2,441 EBIT Interest Expense $ 6 $ 12 $ 19 EBT Tax Expense Net Income 3487 5122 5574 Paul Corporation Balance Sheet Total Assets Total Equity Total Liabilities 1610 3204 3658 a) (5 Points) Calculate EBIT, EBT, Tax Expense, Net Income and Total Equity for each of the three yearsStep by Step Solution
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