Question
Nebulon Inc. recently reported $1,920,000 of sales, $796,500 of operating costs other than depreciation, and $67,800 of depreciation. It had $600,000 of bonds outstanding that
Nebulon Inc. recently reported $1,920,000 of sales, $796,500 of operating costs other than depreciation, and $67,800 of depreciation. It had $600,000 of bonds outstanding that carries an 8% interest rate, and its federal-plus-state income tax rate was 30%.
a. How much was the firm's EBIT?
b. How much was the firms net income?
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Pricing In General Insurance
Authors: Pietro Parodi
2nd Edition
0367769034,1000860833
