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Sony Corporation recently reported $14.7 million of net income. Its EBIT was $22 million, and its...

Sony Corporation recently reported $14.7 million of net income. Its EBIT was $22 million, and its tax rate is 30%. What was its interest expense?

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Answer #1

Net income = 14,700,000 = 14,700,000 = 21,000,000 = Interest Interest (EBIT - Interest) (1 - Tax rate) (22000000-Interest)*(1

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