Question
Leslie Vet Co. reported Net Income of $450,000, Interest Expense of $200,000, and Depreciation of $350,000. Leslie would like to increased Net Income $600,000. What
Leslie Vet Co. reported Net Income of $450,000, Interest Expense of $200,000, and Depreciation of $350,000. Leslie would like to increased Net Income $600,000. What would her new EBIT have to be to reach her goal assuming interest and depreciation expenses remain constant and her tax rate is 25%?
| a. | $1,000,000 | |
| b. | $600,000 | |
| c. | $1,350,000 | |
| d. | $1,150,000 | |
| e. | $800,000 |
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Open Market Operations And Financial Markets
Authors: David Mayes , Jan Toporowski
1st Edition
0415417759, 978-0415417754
