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Q7 Bob Equipment Rental paid $64 in dividends and $517 in interest expense. The addition to retained earnings is $327 and net new equity is

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Q7 Bob Equipment Rental paid $64 in dividends and $517 in interest expense. The addition to retained earnings is $327 and net new equity is $400. The tax rate is 27%. Sales are $14,900 and depreciation is $570. What are the earnings before interest and taxes? Hint 1F EBT minus (27% taxes)= Net Income Then Net Income/27% = EBT

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