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2-324 For its most recent fiscal year, Carmichael Hobby Shop recorded EBITDA of $512,973.50, EBIT of $362,450.20, zero interest expense, and cash flow to investors
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For its most recent fiscal year, Carmichael Hobby Shop recorded EBITDA of $512,973.50, EBIT of $362,450.20, zero interest expense, and cash flow to investors from operating activity of $348,643.00. Assuming there are no non-cash revenues recorded on the income statement, what is the firm's net income after taxes? (Round answer to 2 decimal places, e.g. 15.25.)Step by Step Solution
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