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Reference no: EM13916431

A firm's income statement included the following data. The firm's average tax rate was 25%.

 

 

  Cost of goods sold

$ 9,500

  Income taxes paid

3,500

  Administrative expenses

4,500

  Interest expense

2,500

  Depreciation

2,500

 

a. What was the firm's net income?

  Net income.

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

  Revenues.

c. What was EBIT?

  EBIT

Reference no: EM13916431

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