# BUSN

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4. For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of \$2.7 million during the last year. Expenses were as follows:
Cost of goods sold............................... \$1.2 million
Administrative expenses........................ \$250,000
Marketing and selling expenses............... \$175,000
Depreciation........................................ \$500,000
Interest expense.................................. \$200,000
Dividends paid..................................... \$150,000
(TCO 1) Assuming a tax rate of 30%, what is the EBIT and taxable income for the year?

(Points : 3)
\$1,000,000 and \$800,000 respectively
\$575,000 and \$375,000 respectively
\$565,000 and \$365,000 respectively
\$425,000 and \$225,000 respectively
None of the above
fOR THIS ONE I CHOOSE NONE OF THE ABOVE

• BUSN -

\$1,000,000 and \$800,000 respectively

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