Income Statement Assignment | Homework For You
February 13th, 2020
A firm’s income statement included the following data. The firm’s average tax rate was 25%.
|Cost of goods sold||$||8,700|
|Income taxes paid||$||2,700|
a. What was the firm’s net income?
b. What must have been the firm’s revenues?
c. What was EBIT? Get Finance homework help today