Brown Office Supplies recently reported $15,500 of sales, 58,250 of operating costs other than depreciation and S1,750 of depreciation. It had $9,000 of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40% How much was the firm's EBIT (carnings before interests and taxes)? a. S1948 b. 52922 c. SS500 d. 54870 Brown Office Supplies recently reported $15.500 of sales, 58.250 of operating costs other than depreciation, and $1,750 of depreciation. It had $9,000 of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%. How much was the firm's interest expense? a. 5630 SIONS c5388 d. 59000 An item which may be converted to cash within one year or one operating cycle of the firm is classified as a a long-term liability. b. long-term asset c. current asset. d.current liability Identify which type of activity is described by the following statement: Fitzi Chemical Co. earns revenue from its cash receipts from royalties. a. Operating activity b. Financing activity c. Investing activity