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Need help finding missing numbers
i7 Solve for the missing income Statement data below for years 1-4. Assume an income tax rate of 40% for all years. Year 1 Year 2 Year 3 Year 4 2 Sales 1 Cost of goods sold 2Gross margin z Operating expenses 12,011 14,533 3,011 3,419 8,976 5,790 9,372 6,201 Operating income (EBIT) 6,780 3,650 2,799 1,679 1,007 2,547 s Interest expense s Earnings before taxes (EBT) 945 800 corporate taxes (40%) Net Income 1,050 1,440 4k
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