Fill in the missing numbers for the following income statement. (Do not roun intermediate calculations.) Sales 657,800 Costs 418,700 Depreciation 98,300 EBIT Тахes (21%) Net income b. Calculate the OCF. (Do not round intermediate calculations.) c. What is the depreciation tax shield? (Do not round intermediate calculations.) b. OCF Depreciation tax shield

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 3P
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Fill in the missing numbers for the following income statement. (Do not round
intermediate calculations.)
Sales
$
657,800
Costs
418,700
Depreciation
98,300
EBIT
Taxes (21%)
Net income
b. Calculate the OCF. (Do not round intermediate calculations.)
c. What is the depreciation tax shield? (Do not round intermediate
calculations.)
b.
OCF
с.
Depreciation tax shield
Transcribed Image Text:Fill in the missing numbers for the following income statement. (Do not round intermediate calculations.) Sales $ 657,800 Costs 418,700 Depreciation 98,300 EBIT Taxes (21%) Net income b. Calculate the OCF. (Do not round intermediate calculations.) c. What is the depreciation tax shield? (Do not round intermediate calculations.) b. OCF с. Depreciation tax shield
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