13 14 15 Question 31 (4 points) 16 17 18 19 20 21 Companies generate income from their "regular" operations and from other sources like interest earned on the securities they hold, which is called non-operating income. Lindley Textiles recently reported 5941 of sales, 590 of fixed operating costs other than depreciation, variable operating costs are 30% of sales, and 576 of depreciation The company had no amortization charges and no non-operating income. It had 51,611 of bonds outstanding that carry a 7% interest rate, and its federal-plus-state income tax rate was 21%. How much was Lindley's operating income, or EBIT show your answer to the nearest 5.01. Use a negative sign if the EBIT is negative. Do not use the sign in your answer 22 23 24 Your Answer: 27 25 26