inance 3101 lomework: P2 (Financial Statements) 4 of 8 (3 complete) ore: 0 of 1

Question

inance 3101 lomework: P2 (Financial Statements) 4 of 8 (3 complete) ore: 0 of 1 pt 2-7 (similar to) come statement. Use the data from the following financial statement in the popup window, EB. Complete the partial income sta x rate of 40% for 2014. omplete the income statement below: (Round to the nearest dollar.) $343, 3,000 $130,000 $44,000 $27,800 $46,500 revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses Deprecialion EBIT Interest expense Taxable income Taxes Net income S 94,700 sil 19.000 sil 75,700| er any number in the edit fields and then click Check Answer parts showing Clear All

Explanation / Answer

Answer)

Sales revenue $343,000 Cost of good sold ($130,000) Fixed Cost ($44,000) Selling and general expanses ($27,800) Depreciation ($46,500) EBIT $94,700 Interest expanses ($19,000) Taxable Income $75,700 Tax ($30,280) Net Income $45,420

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.