Brown Office Supplies recently reported $396,237 of sales, $67,908 cost of goods sold, $12,546 of operating...

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Brown Office Supplies recently reported $396,237 of sales, $67,908 cost of goods sold, $12,546 of operating...

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.

business finance

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Answer 1

Answer #1

Sales	396,237
Less:cost of goods sold	67,908
Gross profit	328329
Less:operating expenses	12,546
EBIT	315783

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Answer 2

Brown Office Supplies recently reported $396,237 of sales, $67,908 cost of goods sold, $12,546 of operating...

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Brown Office Supplies recently reported $396,237 of sales, $67,908 cost of goods sold, $12,546 of operating...

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Brown Office Supplies recently reported $396,237 of sales, $67,908 cost of goods sold, $12,546 of operating...