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Everybodys Fitness's income statement is reported below (in millions of dollars)(Use corporate tax ...

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Accounting

Everybodys Fitness's income statement is reported below (in millions of dollars)(Use corporate tax
rate of 21 percent for your calculations.)Everybody's Fitness's income statement is reported below (in millions of dollars)(Use corporate tax
rate of 21 percent for your calculations.)
Everybody's Fitness Income Statement
(in millions of dollars)
Net sales (all credit)
Less: Cost of goods sold
Gross profits
Less: Other operating expenses
EBITDA
Less: Depreciation and amortization
EBIT
Less: Interest
EBT
Less: Taxes
Net income
Determine the firm's tax liability.
Note: Enter your answer in dollars not in millions.
Tax liability
Determine the firm's net income.
Note: Enter your answer in dollars not in millions.
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