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24. Lone Star Plastics has the following data. What is Lone Star's EBIT? Assets: $300,000 Profit margin: 4.0% Interest rate: 5.0% Debt ratio: 50.0% Tax

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24. Lone Star Plastics has the following data. What is Lone Star's EBIT? Assets: $300,000 Profit margin: 4.0% Interest rate: 5.0% Debt ratio: 50.0% Tax rate: 40% Total assets turnover: 3.0

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