Sheryl's Shipping had sales last year of $10,000. The cost of goods sold was $6,500, general and administrative expenses were $1,000, interest expenses were $500, and depreciation was $1,000. The firm's tax rate is 35%. (LOI)
What are the earnings before interest and taxes?
What is the net income?
What is the cash flow from operations?
Earnings before interest and taxes =... View the full answer