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Fill in the missing numbers for the following income statement. (Do not round intermediate calculations.) 662,000 423,600 100
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Answer #1

a. EBIT =Sales-Costs-Depreciation =662000-423600-100400=138000
Tax =EBIT*Tax Rate =138000*23% =31740
Net Income=EBIT-Taxes =138000-31740 =106260
b.OCF =EBIT-Taxes+Depreciation =138000-31740+100400=206660
c. Depreciation Tax Shield =Depreciation*Tax Rate=100400*23%=23092

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