Homework Answers
a.
EBIT = 454000 - 216800 - 57400
EBIT = $179,800
b.
Net Income = 179800(1 - 0.32)
Net Income = $122,264
Dividend Paid = 122,264 - 49,600
Dividend Paid = $72,664
c.
Net Income = 179800(1 - 0.32)
Net Income = $122,264
d.
EBT = EBIT as interest expense is zero
EBT = $179,800
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