Bell Inc.'s tax rate was 25% last year. Last year, the company realized $1,500,000 in operating income (EBIT). Its annual interest expense is $1,000,000. What was the company's net income for the year? O $900,000 O $750,000 O$588,300 O $1,028,250 6375 000

Bell Inc.'s tax rate was 25% last year. Last year, the company realized $1,500,000 in operating income (EBIT). Its annual interest expense is $1,000,000. What was the company's net income for the year? O $900,000 O $750,000 O$588,300 O $1,028,250 6375 000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

Bell Inc.'s tax rate was 25% last year. Last year, the company realized $1,500,000 in operating income (EBIT). Its
annual interest expense is $1,000,000. What was the company's net income for the year?
$900,000
O $750,000
$588,300
O $1,028,250
$375,000

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