Little Books Inc. recently reported $3 million of net income. Its EBIT was $6 million, and its

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Little Books Inc. recently reported $3 million of net income. Its EBIT was $6 million, and its tax rate was 40%. What was its interest expense?

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Fundamentals of Financial Management

ISBN: 978-0324664553

Concise 6th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Question Posted: Oct 05, 2011 09:45 AM

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Little Books Inc. recently reported $3 million of net income. Its EBIT was $6 million, and its

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NI 3000000 EBIT 6000000 T 40 Interest Need to set ...View the full answer

Fundamentals of Financial Management

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