1. Fill in the missing numbers in the following income statement: Sales $644,300 Costs 345,800 Depreciation 96,500 EBIT Taxes $ (40%) $ Net income 2. What is the OCF? 3: What is the depreciation tax shield?
1. Fill in the missing numbers in the following income statement: Sales $644,300 Costs 345,800 Depreciation 96,500 EBIT Taxes $ (40%) $ Net income 2. What is the OCF? 3: What is the 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
Related questions
Question
Fill in the missing numbers in the following income statement:

Transcribed Image Text:1. Fill in the missing numbers in the following income statement:
Sales
$644,300
Costs
345,800
Depreciation 96,500
EBIT
Taxes
$
(40%)
$
Net income
2. What is the OCF?
3: What is the depreciation tax shield?
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