Question
The Fitness Studio, Inc.s, 2015 income statement lists the following income and expenses: EBIT = $538,000, interest expense = $76,000, and net income = $444,000.
| The Fitness Studio, Inc.s, 2015 income statement lists the following income and expenses: EBIT = $538,000, interest expense = $76,000, and net income = $444,000. |
| Calculate the 2015 taxes reported on the income statement. |
| Taxes | $ _______ |
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Short Term Financial Management
Authors: Ned C Hill
1st Edition
0023548207, 978-0023548208
