Business, 04.09.2019 04:20 apascascio2316

Molteni motors inc. recently reported $3.25 million of net income. its ebit was $7 million, and its tax rate was 35%. what was its interest expense? (hint: write out the headings for an income statement and then fill in the known values. then divide $3.25 million net income by 1 − t = 0.65 to find the pre-tax income. the difference between ebit and taxable income must be the interest expense.

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Molteni motors inc. recently reported $3.25 million of net income. its ebit was $7 million, and its...

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