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What must have been the firms revenues

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Reference no: EM131094053

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

Cost of goods sold

$ 8,600

Income taxes paid

2,600

Administrative expenses

3,600

Interest expense

1,600

Depreciation

1,600

a. What was the firm's net income?

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

c. What was EBIT?

Reference no: EM131094053

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