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Assume a company reported net income of $23,700 during 2018. It also had interest expenses of $6,000 and depreciation and amortization of $9,000. If the
- Assume a company reported net income of $23,700 during 2018. It also had interest expenses of $6,000 and depreciation and amortization of $9,000. If the income tax rate is 21%, what was its earnings before interest and taxes (EBIT)?
- a. $30,000
- b. $34,677
- c. $36,000
- d. $45,000
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Finance Theory And Practice
Authors: Anne Marie Ward
4th Edition
191235036X, 978-1912350360
