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What must have been the firm revenues

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Reference no: EM133175613

Question - A firm's income statement included the following data. The firm's average tax rate was 25%.

Cost of goods sold $8,100

Income taxes paid $2,100

Administrative expenses $3,100

Interest expense $1,100

Depreciation $1,100

Required -

a. What was the firm's net income?

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

c. What was EBIT?

Reference no: EM133175613

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