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The Fitness Studio, Inc.'s, 2021 income statement lists the following income and expenses: EBITDA = $680,000, EBIT = $544,000, interest expense = $88,000, and
The Fitness Studio, Inc.'s, 2021 income statement lists the following income and expenses: EBITDA = $680,000, EBIT = $544,000, interest expense = $88,000, and net income = $423,000. Calculate the 2021 taxes reported on the income statement. (Enter your answer in dollars. Round your answer to the nearest dollar amount.) Taxes
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To calculate the taxes reported on the income statement we need to use the formula Net Income ...
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
6th Edition
1264101589, 9781264101580
