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It has 8000 in loans outstanding that carry a 75 interest

Lindley textiles recently reported 12,500 of sales, 7250 of operating costs other than depreciation, and 1,000 of depreciation. The company had no amortization changes and no non-operating income. It has 8,000 in loans outstanding that carry a 7.5% interest rate and its federal plus state tax rate was 40%.

a. What is the company's EBIT:

b. What is the company's Net Income:

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Finance Basics: It has 8000 in loans outstanding that carry a 75 interest

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Finance Basics: It has 8000 in loans outstanding that carry a 75 interest

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