You are given the following information for Sookie’s Cookies Co.: sales = $52,100; costs = $38,700; addition to retained earnings = $2,975; dividends paid = $980; interest expense = $1,470; tax rate = 30 percent. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)
Calculate the net income.
Net income $
Calculate the taxable income.
Taxable income $
Calculate the EBIT.
EBIT $
Calculate the depreciation expense.
Depreciation expense $