Fill in the missing numbers for the following income statement. (Do not round intermediate calculations.) Sales 2$ 659,000 Costs 420,100 Depreciation 98,900 EBIT Taxes (23%) Net income p. Calculate the OCF. (Do not round intermediate calculations.) . What is the depreciation tax shield? (Do not round intermediate calculations.) b. OCF с. Depreciation tax shield

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
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Fill in the missing numbers for the following income statement. (Do not round
intermediate calculations.)
Sales
2$
659,000
Costs
420,100
Depreciation
98,900
EBIT
Taxes (23%)
Net income
b. Calculate the OCF. (Do not round intermediate calculations.)
What is the depreciation tax shield? (Do not round intermediate calculations.)
C.
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 2$ 659,000 Costs 420,100 Depreciation 98,900 EBIT Taxes (23%) Net income b. Calculate the OCF. (Do not round intermediate calculations.) What is the depreciation tax shield? (Do not round intermediate calculations.) C. b. OCF с. Depreciation tax shield
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