Question
Assume a business has revenue of $70,000, total operating costs excluding depreciation, which means the cost of goods sold is $50,620, depreciation is $5,620, and
Assume a business has revenue of $70,000, total operating costs excluding depreciation, which means the cost of goods sold is $50,620, depreciation is $5,620, and its interest expense on outstanding loans is $2,800.
i. What is the firm's EBIT after the computation of the data given here?
ii. What is the business's EBT (earnings before taxes).
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
