York Health has $800,000 of debt outstanding, and it pays an interest rate of 10 percent annually on its bank loan. York's total revenues are $3,200,000; its average tax rate is 40 percent, and its total margin is 6 percent. What is York's current EBIT? (Note that you need to include the pre-tax income in the EBIT calculation because York pays taxes).

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To find York Healths current EBIT Earnings Before Interest and Taxes we first need to ... View the full answer