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Sunny farms is a company where the CEO owns more than 80% of the company. The EBIT in the current year is $200 mn. The
| Sunny farms is a company where the CEO owns more than 80% of the company. The EBIT in the current year is $200 mn. The CEO spent $4 mn | |||
| on personal travel but charged sunny f.. for the travel. The CEO's salary is $150,000. The CEO of a equal sized firm earns a salary of $500,000 per year | |||
| What should be the EBIT of Sunny farms. for the purpose of valuation? | |||
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Financial Accounting
Authors: Michael J. Jones
1st Edition
0470058986, 978-0470058985
