A firm reported the following income statement (all figures are in thousands of dollars): Net Sales 1,105 - operating costs 200 - depreciation & amortization 245 = Operating Income (EBIT) ? - interest 19 = Earnings Before Taxes (EBT) ? - taxes ? = Net Income ? What is the amount of taxes the firm is charged, given that the tax rate is 25%? answer using one decimal figure.
A firm reported the following income statement (all figures are in thousands of dollars): Net Sales 1,105 - operating costs 200 - depreciation & amortization 245 = Operating Income (EBIT) ? - interest 19 = Earnings Before Taxes (EBT) ? - taxes ? = Net Income ? What is the amount of taxes the firm is charged, given that the tax rate is 25%? answer using one decimal figure.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A firm reported the following income statement (all figures are in thousands of dollars):
| Net Sales | 1,105 | |
| - | operating costs | 200 |
| - | depreciation & amortization | 245 |
| = | Operating Income (EBIT) | ? |
| - | interest | 19 |
| = | Earnings Before Taxes (EBT) | ? |
| - | taxes | ? |
| = | Net Income | ? |
What is the amount of taxes the firm is charged, given that the tax rate is 25%?
answer using one decimal figure.
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