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[answered] A company has net income of $2000 and profit margin of 15%.


  • A company has net income of $2000 and profit margin of 15%.? The company?s depreciation expense for the year was $400, interest expense was $200, and the average tax rate is 30%.
    • What was the company?s taxable income?

  • What was the company?s EBIT?

  • What was the company?s Operating Cash Flow?

Net income

 

Profit margin

 

Depreciation expense

 

Interest expense

 

Average tax rate

 

Taxable income

 

EBIT

 

Operating cash flow $2,000

 

15%

 

$400

 

$200

 

30%

 

$2,857.14

 

$2,657.14

 

$2,400.00

 


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