I need help confirming my answers are correct...I will mark 'please confirm' next to the numbers I am hoping you can confirm are correct!  Can you please also answer the questions in regards to excel spreadsheets. However, if you can please answer the amount depreciation expense reduces cash I would appreciate that... The tax rate is 30% Sales: $65000 Cost of goods sold: $40000 Gross Profit: $25000 (Please confirm) Selling, General &administration expense: $12500 Depreciation: $1750 Income before tax: $10750 Tax Expense: 3225 (please confirm) Net Income: 7525 (please confirm) gross profit margin: 38.5% (please confirm) Amount depreciation expense reduces cash: PLEASE SOLVE

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