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Determine what is earnings before interest and taxes

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Reference no: EM132819579

JJs had Sales of $20,000 in the current year.

The Cost of Goods Sold was $13,000,

General and Administrative Expenses were $2,000

Interest Expenses were $1,000

Depreciation was $2,000

The firm's Tax Rate is 35%

Problem a) What is Earnings Before Interest and Taxes?

Problem b) What is Net Income?

Reference no: EM132819579

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