Gross profits $ 350,000 Less: Other operating expenses 90,000 EBITDA $ 260,000 Less: Depreciation and amortization 15,000
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I need help with this problem. I need to get the answers to the four questions at the bottom under the statement table.
Oakdale Fashions, Inc.’s, 2021 income statement is reported below.
Oakdale Fashions, Inc., Income Statement for 2021
Net sales (all credit) $ 565,000
Less: Cost of goods sold 215,000
Gross profits $ 350,000
Less: Other operating expenses 90,000
EBITDA $ 260,000
Less:
EBIT $ 245,000
Less: Interest 80,000
EBT $ 165,000
what is the answer to these two questions to answer the bottom 4
Less: Taxes
Net income $
Determine what the firm's 2021 tax liability is. (Round your answer to the nearest dollar amount.)
Determine what the firm's 2021 net income is. (Round your answer to the nearest dollar amount.)
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