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Prepare an income statement: A company reported 6 million of net income. Its EBIT was 13 million, and its tax rate was 40%. What is
Prepare an income statement: A company reported 6 million of net income. Its EBIT was 13 million, and its tax rate was 40%. What is its inerest expense, and explain how you got these answers:
EBIT | 13,000,000 |
Less: Interest | |
PBT | |
Less: Tax (40%) | |
PAT | 6,000,000 |
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