Net income
cybacatx (Not rated)
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| A firm's income statement included the following data. The firm's average tax rate was 20%. |
| Cost of goods sold | $ 8,600 |
| Income taxes paid | 2,600 |
| Administrative expenses | 3,600 |
| Interest expense | 1,600 |
| Depreciation | 1,600 |
| a. | What was the firm's net income? |
| Net income | $ |
| b. | What must have been the firm's revenues? |
| Revenues | $ |
| c. | What was EBIT? |
| EBIT | $ |
10 years ago
net income
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net_income.xlsx
