Miller Microbrewery recently had $22,500 in sales, $14,800 of operating costs other than depreciation, and $2,100...

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Miller Microbrewery recently had $22,500 in sales, $14,800 of operating costs other than depreciation, and $2,100 of depreciation. The company had $14,000 of bonds outstanding with a 8% interest rate, and its federal-plus-state income tax rate was 40%. Part 1 How much was the firm's earnings before taxes (EBT)? Part 2 What was net income? Miller Microbrewery recently had $22,500 in sales, $14,800 of operating costs other than depreciation, and $2,100 of depreciation. The company had $14,000 of bonds outstanding with a 8% interest rate, and its federal-plus-state income tax rate was 40%. Part 1 How much was the firm's earnings before taxes (EBT)? Part 2 What was net income?

Answer rating: 100% (QA)

Answey Griven data Sale 5 22500 operabing Cost 5 141800 Depoeciation 2100 Bonds outst... View the full answer