A firm reported the following income statement (all figures are in thousands of dollars): Net Sales 1,105 - operating costs 200 - depreciation & amortization 245 = Operating Income (EBIT) ? - interest 19 = Earnings Before Taxes (EBT) ? - taxes ? = Net Income ? What is the amount of taxes the firm is charged, given that the tax rate is 25%? answer using one decimal figure.
A firm reported the following income statement (all figures are in thousands of dollars): Net Sales 1,105 - operating costs 200 - depreciation & amortization 245 = Operating Income (EBIT) ? - interest 19 = Earnings Before Taxes (EBT) ? - taxes ? = Net Income ? What is the amount of taxes the firm is charged, given that the tax rate is 25%? answer using one decimal figure.
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 1.4.2MBA: Return on assets The following data (in millions) were adapted from recent financial statements of...
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A firm reported the following income statement (all figures are in thousands of dollars):
Net Sales | 1,105 | |
- | operating costs | 200 |
- | 245 | |
= | Operating Income (EBIT) | ? |
- | interest | 19 |
= | Earnings Before Taxes (EBT) | ? |
- | taxes | ? |
= | Net Income | ? |
What is the amount of taxes the firm is charged, given that the tax rate is 25%?
answer using one decimal figure.
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