3. Sweet Company recently reported $17,350 of sales. $4,000 of operating costs other than depreciation, and...

 

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3. Sweet Company recently reported $17,350 of sales. $4,000 of operating costs other than depreciation, and $2.500 of depreciation. It had $4.000 of bonds outstanding that carry a 7%interest rate, and its tax rate was 35%. How much was the firm's earnings before taxes and interest (EBIT)?* $10,850 O $ 13,720 $2,418 $7.418 None of the above 3. Sweet Company recently reported $17,350 of sales. $4,000 of operating costs other than depreciation, and $2.500 of depreciation. It had $4.000 of bonds outstanding that carry a 7%interest rate, and its tax rate was 35%. How much was the firm's earnings before taxes and interest (EBIT)?* $10,850 O $ 13,720 $2,418 $7.418 None of the above

Answer rating: 100% (QA)

Earning before Interest and Tax is the operating incomeprofit of the organi... View the full answer