Please need answer this general accounting question not use ai 1. Fill in the missing numbers in the following income statement forLucas Enterprises:Income Statement Amount ($)Sales720,000Costs380,000Depreciation110,000EBIT?Taxes (35%)?Net Income?2. What is the OCF (Operating Cash Flow)?3. What is the depreciation tax shield?

Step 1:1. The missing number in the income statement is filled as follows: Formula table: Result of…

Answered: 1. Fill in the missing numbers in the…

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 4MC

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Answer? ? Financial accounting
a. Fill in the missing numbers in the following income statement: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g. 32. Sales Costs Depreciation EBIT Taxes (21%) Net income $ 544,300 349,300 97,300 b. What is the OCF? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32. b. OCF c. Depreciation tax shield c. What is the depreciation tax shield? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32.
a. Fill in the missing numbers in the following income statement: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g. 32. Sales Costs Depreciation EBIT Taxes (25%) Net income $ b. OCF c. Depreciation tax shield 643,700 384,300 136,500 b. What is the OCF? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32. c. What is the depreciation tax shield? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32.
Hello, I need help with this question. Screenshots attached (the second screenshot is the balance sheet and income statement).
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1. Fill in the missing numbers in the following income statement for Lucas Enterprises: Income Statement Amount ($) Sales 720,000 Costs 380,000 Depreciation 110,000 EBIT ? Taxes (35%) ? Net Income ? 2. What is the OCF (Operating Cash Flow)? 3. What is the depreciation tax shield?