Computation of Net Income and Operating cash Flows
Calculating the following income statement
Required:
A) Fill in the missing numbers (Round your numbers to 2 decimal places)
|
Sales
|
$ 748,166
|
|
Costs
|
486,752
|
|
Depreciation
|
110,700
|
|
EBIT
|
-------------
|
|
Taxes (32%)
|
-------------
|
|
Net income
|
--------------
|
b) Calculate the OCF. (Round your answer to 2 decimals)
The OCF is $------------
c) What is the depreciation tax shield? (Round your answer to 2 decimal places)
The depreciation tax shield is $----------