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The local food truck is a little disorganized and has asked for help organizing their revenues and expenses. They provide you with the following information:

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The local food truck is a little disorganized and has asked for help organizing their revenues and expenses. They provide you with the following information: $400,000 Revenues 180,000 Wages 40,000 Food Costs 20,000 Utilities 72,000 Lease on space to park truck 20,000 Interest on truck and equipment 12,000 Depreciation on truck and equiptment 27% is the tax rate Answer(s): Calculate EBIT for last year: Calculate net income for last year

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