Harford Undercover LLC has annual sales of 3,550,000. Earnings before interest and taxes is equal to 21

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Harford Undercover LLC has annual sales of 3,550,000. Earnings before interest and taxes is equal to 21 percent of sales. For the period, the firm paid $117,900 in interest. What is the profit margin if the tax rate is 38 percent?

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Equity Asset Valuation

ISBN: 978-0470571439

2nd Edition

Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen

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Question Posted: Mar 22, 2018 09:13 AM

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Harford Undercover LLC has annual sales of 3,550,000. Earnings before interest and taxes is equal to 21

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EBIT 745500 355000021 Less Inte...View the full answer

Equity Asset Valuation

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