Sales for 2021 were $469,150,000, and EBITDA was 15% of sales. Furthermore, depreciation and amortization...
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Sales for 2021 were $469,150,000, and EBITDA was 15% of sales. Furthermore, depreciation and amortization were 17% of net fixed assets, interest was $8,185,000, the corporate tax rate was 25%, and Laiho pays 46.25% of its net income as dividends. Given this information, construct the firm's 2021 income statement. Laiho Industries: Income Statement for Year Ending December 31, 2021 (thousands of dollars) 2021 Sales
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