Question
Bugs Inc. reported net income of $385,000, its interest expense was $200,000, and its tax rate is 25%. If Bugs Inc. could have doubled its
Bugs Inc. reported net income of $385,000, its interest expense was $200,000, and its tax rate is 25%. If Bugs Inc. could have doubled its operating income (EBIT), what would have been the company's net income, all else equal? Round to the nearest dollar.
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Personal Finance In A Public World How Technology Social Media And Ads Affect Your Money Decisions
Authors: Bob DePasquale
1st Edition
1637306652, 978-1637306659
