Use XYZ financial information to answer the questions below:

XYZ company Income statement for the year ended Dec 31, 2020
Sales
Cost of Goods Sold	$250000
Gross Profit	$150000
Operating Expenses	$70000
Operating Profit
Interest Expense
Earnings before tax
Tax expense ( 40% tax rate)
Net Income	$36000

How much are XYZ company's sales?

Answer for part 1

Calculate XYZ Company's operating profit.

Answer for part 2

Calculate XYZ Company's interest expense.

Answer for part 3

Calculate XYZ Company's earnings before tax.

Answer for part 4

Calculate XYZ Company's tax expense.

Answer for part 5