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Edge, Inc has a net income of $385,000 interest expense of $200,000 and is taxed at 40%. If the firm could have doubled its operating
Edge, Inc has a net income of $385,000 interest expense of $200,000 and is taxed at 40%. If the firm could have doubled its operating income, what would be the firms net income, all else equal? This question requires a proforma income statement, I'm not sure how to calculate any of it? Can you guys give me step by step on how each calculation is done? Thanks!
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