Pine Trees of Maine Corp has Sales of $300,000, Interest Expense of $20,000, EBT of $35,000, Taxes of $5,000, and Debt of $50,000 What is the profit margin (Answer in percent If needed, answer with up to two decimal places and omit the percentage sign, , for example, X XX )

Question

Pine Trees of Maine Corp  has Sales of $300,000, Interest Expense of $20,000, EBT of $35,000, Taxes of $5,000, and Debt of $50,000  What is the profit margin  (Answer in percent  If needed, answer with up to two decimal places and omit the percentage sign,  , for example, X XX )

Accepted Answer

The Answer is in the image, click to view ...

Question

Pine Trees of Maine Corp. has Sales of $300,000, Interest Expense of $20,000, EBT of $35,000, Taxes of $5,000, and Debt of $50,000. What is

Pine Trees of Maine Corp. has Sales of $300,000, Interest Expense of $20,000, EBT of $35,000, Taxes of $5,000, and Debt of $50,000. What is the profit margin? (Answer in percent. If needed, answer with up to two decimal places and omit the percentage sign, %, for example, X.XX.)

Step by Step Solution

Step: 1

Get Instant Access to Expert-Tailored Solutions

Step: 2

Step: 3

Ace Your Homework with AI