Question: PLEASE ASSIST WITH THIS QUESTION. THE ANSWER IS R30960 . HOW DID THEY GET IT? 4) Lone Star Plastics has the following data: Total Assets:

PLEASE ASSIST WITH THIS QUESTION. THE ANSWER IS R30960. HOW DID THEY GET IT?

PLEASE ASSIST WITH THIS QUESTION. THE ANSWER IS R30960. HOW DID THEY

4) Lone Star Plastics has the following data: Total Assets: R100,000 ; Net Profit margin: 6.0%; Tax rate: 40% ; Debt ratio: 40.0% of which 30% is interest bearing debt; Interest rate: 8.0% : Total assets turnover: 3.0. Calculate Lone Star's EBIT (Earnings before Interest and Tax)

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