emery mining

1. Emery Mining Inc. recently reported $140,000 of sales, $75,500 of operating costs other than depreciation, and $10,200 of depreciation. The company had $16,500 of outstanding bonds that carry a 7.25% interest rate, and its federal-plus-state income tax rate was 35%. How much was the firm's earning before taxes (EBT)? The firm uses the same depreciation expense for tax and stockholder reporting purposes. 2pt 0783 x 16,500