Question

CONCL.IILIT er 10 Homework Fill in the missing numbers for the following income statement. (Do not rou intermediate calculations.) Sales Costs Depreciation EBIT Taxes (22%) Net income 667,400 429,900 103,100 rint rences b. Calculate the OCF. (Do not round intermediate calculations.) c. What is the depreciation tax shield? (Do not round intermediate calculations.) b. OCF c. Depreciation tax shield ution < Prev 2 oft NOV 21

Answer 1

a & b Sales Less Costs Less Depreciation |EBIT Less Tax@22% Netincome Add Depreciation Operating cahflow $ $ $ $ $ $ $ $ 667,400.00 429,900.00 103,100.00 134,400.00 29,568.00 104,832.00 103,100.00 207,932.00 Depreciation Tax shield Depreciation*tax rate 103100*0.22 $ 22,682.00