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Problem 18 Intro Miller Microbrewery recently had $22,500 in sales, $14,800 of operating costs other than depreciation, and $2,100 of depreciation. The company had $6,000
Problem 18 Intro Miller Microbrewery recently had $22,500 in sales, $14,800 of operating costs other than depreciation, and $2,100 of depreciation. The company had $6,000 of bonds outstanding with a 8% interest rate, and its federal-plus-state income tax rate was 40%.
Part 1 How much was the firm's earnings before taxes (EBT)?
Part 2 What was net income?
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