Cecil, Inc. has sales of $682,100. Earnings before interest and taxes is equal to 20 percent of

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Cecil, Inc. has sales of $682,100. Earnings before interest and taxes is equal to 20 percent of sales. For the period, the firm paid $8,500 in interes - Cecil, Inc. has sales of $682,100. Earnings before interest and taxes is equal to 20 percent of sales. For the period, the firm paid $8,500 in interest. The tax rate is 34 percent. What is the profit margin?
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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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