Q2) In 2015, Wisconsin Snow Care Inc. (WSC), a hardware retail company, sold 4,000 units...
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Q2) In 2015, Wisconsin Snow Care Inc. (WSC), a hardware retail company, sold 4,000 units of a snow blower at an average price of $500/unit (there were no Returns and Allowances in 2015, i.e. all sales were final). Each snow blower was purchased by WSC from a manufacturer at $250/unit. Operating expenses (including depreciation) for WSC in 2015 were $500,000. WSC made an interest payment of $200,000 to the bank. Finally, WSC's tax rate was 25%. Calculate WSC's gross profit, operating income, earnings before taxes (EBT), and Net Income (after taxes). (4 pts.) $ $ $ $ $ Revenue Cost of goods sold Gross profit Operating expenses (incl. depreciation) Operating income Interest expense EBT Taxes $ $ $ Net income $
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