Question

Fill in the missing numbers for the following income statement. (Do not roun intermediate calculations.) 668,000 430,600 103,
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Answer #1
Sales 668,000
Costs 430600
Depreciation 103400
EBIT(668,000-430600-103400) $134,000
Taxes(134,000*23%) 30820
Net income $103180

OCF=Net income+Depreciation

=103180+103400=$206580

Depreciation tax shield=Depreciation*Tax Rate

=103400*23%=$23782

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