A company has an operating profit or EBIT of $771,000 in 2019 and paid interest totalling $54,000. It's tax rate is 35%. What is it's Net Operating Profit After Tax? a. $506,000 b. $477,000 c. $520,000 d. $466,000
A company has an operating profit or EBIT of $771,000 in 2019 and paid interest totalling $54,000. It's tax rate is 35%. What is it's Net Operating Profit After Tax? a. $506,000 b. $477,000 c. $520,000 d. $466,000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Subject:- finance
Transcribed Image Text:A company has an operating profit or EBIT of $771,000 in 2019 and paid interest totalling $54,000. It's tax rate is 35%.
What is it's Net Operating Profit After Tax? a. $506,000 b. $477,000 c. $520,000 d. $466,000
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