Question
Wilson Inc. recently reported $18.20 million of sales, $12.45 million of operating costs other than depreciation, and $4.5 million of depreciation. It had $4.60 million
Wilson Inc. recently reported $18.20 million of sales, $12.45 million of operating costs other than depreciation, and $4.5 million of depreciation. It had $4.60 million of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%. What was Costings' operating income, or EBIT, in millions?
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Financial Accounting
Authors: Carl Warren, James M. Reeve, Philip E. Fess
8th Edition
0324025394, 978-0324025392
