Question
Lindley Textiles recently reported 12,500 of sales, 7250 of operating costs other than depreciation, and 1,000 of depreciation. The company had no amortization charges and
Lindley Textiles recently reported 12,500 of sales, 7250 of operating costs other than depreciation, and 1,000 of depreciation. The company had no amortization charges and no non-operating income. It has 8,000 in bonds outstanding that carry a 7.5% interest rate, and its federal plust state tax rate was 40%
a. What is the company's EBIT:
b. What is the company's net income:
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
