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pter 6 - Homework Questions Problem 6-03 (Income Statement) Question 3 of 6 Income statement Molteni Motors Inc. recently reported $3.5 million of net income.

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pter 6 - Homework Questions Problem 6-03 (Income Statement) Question 3 of 6 Income statement Molteni Motors Inc. recently reported $3.5 million of net income. Its EBIT was $6.25 million, and its tax rate was 30%. What interest 6. Write out the headings for an income statement and then fill in the known values. Then divide $3.5 million net income by 1T=0.7 to find the pre-tax income. The difference between EBIT and taxable income must be the interest expense.) Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar

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