Question
ABC Bike Company has $200,000 in assets, and had Earnings Before Interest and Taxes of $50,000 for the 12 month period ended September 30th. The
ABC Bike Company has $200,000 in assets, and had Earnings Before Interest and Taxes of $50,000 for the 12 month period ended September 30th. The company's marginal tax rate is 40% and it pays interest of 8% on any debt. If the company has a 40% Debt/Assets ration, its net income after taxes and interest is ________?
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Startup CFO The Finance Handbook For Your Growing Business
Authors: Kyle Brennan
1st Edition
1790959403, 978-1790959402
