Question 1: Fill in the blanks Sales $87,000 Cost of Goods Sold (COGS) $28,000 Other Expenses $16,900 Gross Income (a) ? Depreciation Expenses $16,200 EBIT (Earnings before Interest and Taxes) (b)? Interest Expense $5,800 Taxable Income, or EBT (c) ? Taxes (21%) (d) ? Net Income (e) ? Dividends $5,600 Additions to Retained Earnings (f) ?
Question 1: Fill in the blanks Sales $87,000 Cost of Goods Sold (COGS) $28,000 Other Expenses $16,900 Gross Income (a) ? Depreciation Expenses $16,200 EBIT (Earnings before Interest and Taxes) (b)? Interest Expense $5,800 Taxable Income, or EBT (c) ? Taxes (21%) (d) ? Net Income (e) ? Dividends $5,600 Additions to Retained Earnings (f) ?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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