please help thank you!Homework Answers
EBIT = Sales - Costs - Depreciation
= $22,600 - $16,505 - $1,340 = $4,755
EBIT $4,755
less: Interest $1,080
EBT $3,675
less: Taxes@35% $1,286.25
Net Income $2,388.75
OCF = EBIT - Taxes + Depreciation
= $4,755 - $1,286.25 + $1,340 = $4,808.75, or $4,809
Hence, 2nd option is correct.
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