Calculate its operating income ebit in millions calculate, Financial Management

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Calculate its operating income ebit in millions calculate

A firm’s sales = $20 million, operating costs other than depreciation = $12 million, and depreciation = $2.00 million. It had $8 million of bonds outstanding (long term debt) with a 5.0% interest rate, and its tax rate = 40%. Calculate its operating income ( EBIT), in millions?

1. Calculate its operating income ( EBIT), in millions?

2. Calculate its earnings before taxes (EBT), in millions?

3. Calculate its net income (NI), in millions?

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Financial Management: Calculate its operating income ebit in millions calculate

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