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PLEASE ASSIST WITH THIS QUESTION. THE ANSWER IS R30960 . HOW DID THEY GET IT? 4) Lone Star Plastics has the following data: Total Assets:

PLEASE ASSIST WITH THIS QUESTION. THE ANSWER IS R30960. HOW DID THEY GET IT?

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4) Lone Star Plastics has the following data: Total Assets: R100,000 ; Net Profit margin: 6.0%; Tax rate: 40% ; Debt ratio: 40.0% of which 30% is interest bearing debt; Interest rate: 8.0% : Total assets turnover: 3.0. Calculate Lone Star's EBIT (Earnings before Interest and Tax)

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