What was the firm''s net income

Assignment Help Financial Accounting

Reference no: EM1310002

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

Cost of goods sold & 8,000

Income taxes paid 2,000

Administrative expenses 1,000

Depreciation 1,000

a. What was the firm's net income?

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

c. What was EBIT?

Reference no: EM1310002

Questions Cloud

Evaluate cash flow from operations : What are earnings before interest and taxes and What is net income and evaluate cash flow from operations?

Finding coyote corporation taxable income : Coyote owns 5% of Roadrunner Corporation’s stock. How much is Coyote Corporation’s taxable income (loss) for the year?

Determine the final temperature of the system : Hakeem throws an 8.50 g ball straight down from a height of 2.0 m. The ball strikes the floor at the speed of 7.5 m/s. What was the initial speed of the ball? Suppose that air resistance is negligible.

How close to the goal can the hare : Two cars were firstly at rest and side-by-side between two photogates. The mass of cart 1 was 0.505kg. The spring was activated and two carts moved away from one another, passing through the photogates and producing the readings as shown below. Find ..

What was the firm''s net income : What was the firm's net income and what mist have been the firm's revenues, Evaluate was EBIT?

Identify two sources of resistance to change in the perrier : Identify two sources of resistance to change in the Perrier case study also describe Elucidate how the organization dealt with each type of resistance.

Principle of early development : The word which refers to a principle of early development which suggests that young children have a bias towards attending to auditory information in their environment is

Determination of taxable income : Brown Corporation, an accrual basis corporation, has taxable income of $150,000 in the current year. Included in its determination of taxable income are the following transactions.

Analyze three elements of a job analysis : Analyze three elements of a job analysis, also discuss its significance to the hiring also employee development aspects of human resource management.

User Account

All Pages