Little Books Inc. recently reported $3.5 million of net income. Its EBIT was $7 million, and its

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Little Books Inc. recently reported $3.5 million of net income. Its EBIT was $7 million, and its tax rate was 30%. What was its interest expense?

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Financial Management Theory And Practice

ISBN: 978-0176583057

3rd Canadian Edition

Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason

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Question Posted: Jun 11, 2019 12:01 PM

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Little Books Inc. recently reported $3.5 million of net income. Its EBIT was $7 million, and its

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NI 3500000 EBIT 7000000 T 30 Interest Need to set up an inc...View the full answer

Financial Management Theory And Practice

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