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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

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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 $150000 $70000 Gross Profit Operating Expenses Operating Profit Interest Expense Earnings before tax Tax expense ( 40% tax rate) Net Income $36000 How much are XYZ company's sales? Calculate XYZ Company's operating profit. Calculate XYZ Company's interest expense. Calculate XYZ Company's earnings before tax. Calculate XYZ Company's tax expense

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