Calculate the net income and calculate the taxable income

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Reference no: EM131989815

You are given the following information for Sookie’s Cookies Co.: sales = $52,100; costs = $38,700; addition to retained earnings = $2,975; dividends paid = $980; interest expense = $1,470; tax rate = 30 percent. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

Calculate the net income.

Net income $

Calculate the taxable income.

Taxable income $

Calculate the EBIT.

EBIT $

Calculate the depreciation expense.

Depreciation expense $

Reference no: EM131989815

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