Question: 4. Problem 3.02 (Income Statement) ebook Problem Walkthrough Byron Books Inc recently reported $10 million of net income. Its EBIT was $42.2 million and its
4. Problem 3.02 (Income Statement) ebook Problem Walkthrough Byron Books Inc recently reported $10 million of net income. Its EBIT was $42.2 million and its tax rate was 25% What was its interest expense (Hot Write out the headings for un come statement, and then in the known values. Then divide $16 million of net income by (t-1)-0.75 to find the pretencome Theerence between EBIT and table come must be interest expense. Use this same procedure to complete witar problems) Write out your answer completely. For example, 25 million should be entered 25,000,000. Round your answer to the nearest dollar necessary. Do not round intermediate calculation
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