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How do I isolate EBIT. I can't get there. Can you show the steps? Solve We substitute the appropriate values in the expression below and
How do I isolate EBIT. I can't get there. Can you show the steps?
Solve We substitute the appropriate values in the expression below and solve for EBIT: (EBIT - Interest Expense_HD) times (1 - Tax Rate)/Shares Outstanding_HD = (EBIT - Interest Expense_LOW) times (1 - Tax Rate)/Shares Outstanding_LOW (EBIT - $696,000,000) times (1 - 0.38)/1, 700,000,000 = (EBIT-$239,000,000) times (1 - 0.38)/1, 460,000,000 EBIT = $2, 541, 083, 333Step by Step Solution
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