Bangor Inc. paid $53 in dividends and $401 in interest expense. The addition to retained earnings is $591 and net new equity is $505. The tax rate is 28%. Sales are $19,500 and depreciation is $870. What are the earnings before interest and taxes (EBIT)?
Bangor Inc. paid $53 in dividends and $401 in interest expense. The addition to retained earnings is $591 and net new equity is $505. The tax rate is 28%. Sales are $19,500 and depreciation is $870. What are the earnings before interest and taxes (EBIT)?
