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Companies generate from their regular operations and from other sources like interest earned on the securities they hold, which is called non-operating income. Lindely textiles
Companies generate from their regular operations and from other sources like interest earned on the securities they hold, which is called non-operating income. Lindely textiles recently reported $67,500 of sale, $7,250 of operating costs other than depreciation and 1000 of depreciation. The company had no amortization charges and no non operating income. It had 8,000 of bonds outstanding that carry a 7.5% interest rate and its federal plus state income tax rate was 25% how much was Lindsey operating income or ebit?
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