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You have the following income statement data: Sales $860 Cost of goods sold(Depreciation not included) $477 Depreciation $90 Interest expense $69 Tax rate 35% Calculate
You have the following income statement data:
Sales | $860 |
Cost of goods sold(Depreciation not included) | $477 |
Depreciation | $90 |
Interest expense | $69 |
Tax rate | 35% |
Calculate net income. Round your answer to 2 decimal points; example 234.12.
and
You have the following income statement data:
Sales | $920 |
Cost of goods sold (Depreciation not included) | $460 |
Depreciation | $90 |
Interest expense | $58 |
Tax rate | 35% |
Calculate earnings before interest and taxes (EBIT); round to 2 decimal points; example 400.00.
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