Solution-What must have been the firm revenues

What must have been the firm revenues

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Reference no: EM132650857

A firm's income statement included the following data. The firm's average tax rate was 20 percent.

Cost of goods sold = $8,000

Income taxes paid = $2,000

Administrative expenses = $3,000

Interest expense = $1,000

Depreciation = $1,000

Question a. What was the firm's net income?

Question b. What must have been the firm's revenues?

Question c. What was EBIT?

Reference no: EM132650857

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What must have been the firm revenues

Reference no: EM132650857

Reference no: EM132650857

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