EBIT=Sales-Operating costs including depreciation
=22-16 million
which is equal to
=$6 million
3. A company recently reported it had, in millions, $22 of sales, $16 of operating costs...
Rao Construction recently reported $20.50 million of sales, $12.60 million of operating costs other than depreciation, and $3.00 million of depreciation. It had $8.50 million of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%. What was Rao's operating income, or EBIT, in millions?
Rao Construction recently reported $20.50 million of sales, $12.60 million of operating costs other than depreciation, and $4.00 million of depreciation. It had $8.50 million of bonds outstanding that carry a 8.0% interest rate, and its federal-plus-state income tax rate was 40%. What was Rao’s operating income, or EBIT, in millions? $3.22 / $3.57/ $3.90/ $4.41/ $4.90
17. A company recently reported it had, in millions, $10,000 of sales, $5,000 of operating costs other than depreciation, and $1,000 of depreciation. The company has $4,000 of outstanding bonds that carry a 5% interest rate, and a federal-plus-state corporate income tax rate of 25%. In order to sustain its operations and thus generate future sales and cash flows, the company was required to make a $2,000 of capital expenditures on new fixed assets and to invest S500 in net...
Watson Oil recently reported (in millions) $8,250 of sales, $5,750 of operating costs other than depreciation, and $1,100 of depreciation. The company had $3,200 of outstanding bonds that carry a 5% . interest rate, and its federal plus state income tax rate was 35%. In order to sustain its operations and thus generate future sales and cash flows, the firm was required to make $1,250 of capital expenditures on new fixed assets and to invest $300 in net operating working...
1. AT&T recently reported (in millions) $8,250 of sales, $5,750 of operating costs other than depreciation, and $1,100 of depreciation. The company had $3,200 of outstanding bonds that carry a 5% interest rate, and its federal-plus-state income tax rate was 35%. In order to sustain its operations and thus generate future sales and cash flows, the firm was required to make $1,250 of capital expenditures on new fixed assets and to invest $300 in net operating working capital. By how...
GYOC Mining Inc. recently reported $115,000 of sales, $72,500 of operating costs other than depreciation, and $9,200 of depreciation. The company had $20,000 of outstanding bonds that carry a 5% interest rate, and its federal-plus-state income tax rate was 30%. How much was the firm's net income?
Brown Office Supplies recently reported $396,237 of sales, $67,908 cost of goods sold, $12,546 of operating expenses, including salary expenses, rent expenses, and depreciation expenses. It had $9,000 of bonds outstanding that carry a 7.36% interest rate, and its federal-plus-state income tax rate was 40%. How much was the firm's earnings before interest and taxes (EBIT)? Please round your answer to the closest integer without dollar sign.
Brown Office Supplies recently reported $18,500 of sales, $8,250 of operating costs other than depreciation, and $1,750 of depreciation. It had $9,000 of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%. How much was the firm's earnings before taxes (EBT)? (Points : 10) $5,981 $7,398 $7,870 $5,903 $6,217
Miller Microbrewery recently had $21,500 in sales, $14,800 of
operating costs other than depreciation, and $2,100 of
depreciation. The company had $14,000 of bonds outstanding with a
8% interest rate, and its federal-plus-state income tax rate was
40%.
1.How much was the firm's taxable income?
2. What was net income?
Intro Miller Microbrewery recently had $21,500 in sales, $14,800 of operating costs other than depreciation, and $2,100 of depreciation. The company had $14,000 of bonds outstanding with a 8% interest...
QUESTION 120 Meric Mining Inc. recently reported $15,000 of sales, $7,500 of operating costs other than depreciation, and $1,200 of depreciation. The company had no amortization charges, it had outstanding $6,500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 25%. How much was the firm's net income after taxes? Meric uses the same depreciation expense for tax and stockholder reporting purposes. a. $3,989.33 b. $4,641.33 c. $4,420.31 d. $4,199.30 e. $3,789.87