Fill In the mlssing numbers for the followIng Income statement. (Do not round Intermedlate calculations.) Sales 666,800 Costs 429,200 Depreciation 102,800 EBIT 134,800 Taxes (21%) Net income b. Calculate the OCF. (Do not round Intermedlate calculations.) C. What Is the depreclation tax shleld? (Do not round Intermediate calculations.) b. OCF 209,372 Depreciation tax shield 21,588 c.
Fill In the mlssing numbers for the followIng Income statement. (Do not round Intermedlate calculations.) Sales 666,800 Costs 429,200 Depreciation 102,800 EBIT 134,800 Taxes (21%) Net income b. Calculate the OCF. (Do not round Intermedlate calculations.) C. What Is the depreclation tax shleld? (Do not round Intermediate calculations.) b. OCF 209,372 Depreciation tax shield 21,588 c.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please show all work
Transcribed Image Text:Fill In the missing numbers for the following Income statement (Do not round
Intermedlate calculations.)
Sales
666,800
Costs
429,200
Depreciation
102,800
EBIT
134,800
Taxes (21%)
Net income
b. Calculate the OCF. (Do not round Intermedlate calculations.)
What Is the depreclation tax shleld? (Do not round Intermediate calculations.)
C.
b.
OCF
209.372
Depreciation tax shield
21.588
C.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education