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You are given the following information for Sookie’s Cookies Co.: sales = $52,400; costs = $38,400; addition to retained earnings = $2,440; dividends paid = $995; interest expense = $1,440; tax rate = 40 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 $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92412302

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