Sheryl's Shipping had sales last year of $12,000. The cost of goods sold was $6,900, general...

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Sheryls Shipping had sales last year of $12,000. The cost of goods sold was $6,900, general and administrative expenses were

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Answer 1

Answer #1

Sales	12,000
less: cost of goods sold	(6,900)
less : general and administrative expenses	(1400)
less : depreciation	(1400)
EBIT	2300
less : interest expenses	(900)
EBT	1400
less : Tax @ 21%	(294)
Net income	1106
Add : Depreciation	1400
cash flow from operations	2506

from above data

Net income = $1106

Cash flow from operations = $2506

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Answer 2

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Sheryl's Shipping had sales last year of $12,000. The cost of goods sold was $6,900, general...

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Sheryl's Shipping had sales last year of $12,000. The cost of goods sold was $6,900, general...