Question
The Fitness Studio, Inc.'s 2018 income statement lists the following income and expenses: EBIT = $538,000, interest expense = $63,000, and net income = $435,000.
The Fitness Studio, Inc.'s 2018 income statement lists the following income and expenses: EBIT = $538,000, interest expense = $63,000, and net income = $435,000.
Calculate the 2018 taxes reported on the income statement.(Enter your answer in dollars. Round your answer to the nearest dollar
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Finance Applications and Theory
Authors: Marcia Cornett
4th edition
1259691411, 978-1259691416
