Holliday Inn has annual sales of $737,00. Earnings before interest and taxes (EBIT) is equal to 21 percent of sales. For the period, the firm paid $7,900 in interest. What is the profit margin if the tax rate is 35 percent?

Question 2 Holliday Inn has annual sales of $737 000 Earnings before interest and taxes (EBIT) is equal to 21 percent of sales. For the period the firm paid $7 900 in interest. What is the profit margin if the tax rate is 35 percent? For the toolbar press ALT+F10 (PC) or ALT+FN+F10 (Mac) TTTT Paragraph Arial 3 [12pt) -ET- Y DO QEES T' TT