The income statement of Immobiliare Company is given in EUR. It is a subsidiary company of Oman Holding Company. The management asked to translate the income statement into OMR according to current rate method, and then to calculate EBITDA to Sales ratio.

Which of the following is the EBITDA to Sales ratio according to the translated income statement?

Current exchange rate: 1 EUR = 0.423 OMR

EUR Sales 652,000 Cost of goods sold 358,000 Gross profit 294,000 Operating expenses 88,000 Depreciation expense 26,000 Amortization expenses 19,000 Interest expense 14,000 Net income before tax 147,000 Income tax (15%) 22,050 Net income after tax 124,950

Select one: a. 22.36 % b. 6.73 % c. 31.60 % d. 35.87 %

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