Operating income is the same as earnings before interest and taxes, or EBIT. O True False The first line of an income statement is cost of good sold. O True O False Capital structure is the mix of debt and equity used to finance the purchases of assets. True False EBIT measures profit from a firm's operations. O True False Retained earnings is profit kept in the firm and is classified as an asset. True False A firm has the following income statement line items (in millions). The income tax rate is 209. What is earnings before tax? Sales Operating expenses Depreciation expense Interest expense $240 $200 $86 $32 A firm has the following income statement line items (in millions). The income tax rate is 20%. What is operating income? Sales Operating expenses Depreciation expense Interest expense $240 $200 $86 $32 A firm has the following income statement line items (in millions). The income tax rate is 20%. What is earnings before tax? Sales Operating expenses Depreciation expense Interest expense 5620 $310 $27 $18 A company's stock is selling for $20 per share and the firm has 75 million shares outstanding. What is the company's market capitalization? O $1.5 billion $1.500 51.5 million A company's stock is selling for 572 per share and the firm has 50 million shares outstanding. What is the company's market capitalization? O $3.6 million $3.6 billion $3,600