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Sheryl's Shipping had sales last year of $20,000. The cost of goods sold was $8,500, general and administrative expenses
Posted: Sun Jul 03, 2022 12:55 pm
by answerhappygod
- Sheryl S Shipping Had Sales Last Year Of 20 000 The Cost Of Goods Sold Was 8 500 General And Administrative Expenses 1 (21.78 KiB) Viewed 13 times
Sheryl's Shipping had sales last year of $20,000. The cost of goods sold was $8,500, general and administrative expenses were $3,000, interest expenses were $2,500, and depreciation was $3,000. The firm's tax rate is 21%. a. What are earnings before interest and taxes? Answer is complete and correct. $ 5,500 Earnings before interest and taxes b. What is net income? Answer is complete and correct. Net income $ 2,370 c. What is cash flow from operations? Answer is complete but not entirely correct. $ 7,870 Cash flow from operations