Lulu Corporation recently reported RM25,500 of sales, RM10,250 of operating costs other than depreciation, and RM2,780 o

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answerhappygod
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Lulu Corporation recently reported RM25,500 of sales, RM10,250 of operating costs other than depreciation, and RM2,780 o

Post by answerhappygod »

Lulu Corporation recently reported RM25,500 of sales, RM10,250
of operating costs other than depreciation, and RM2,780 of
depreciation. It had RM10,000 of long-term debt that carry a 7.0%
interest rate, and its federal-plus-state income tax rate was 40%.
How much was the firm's earnings before taxes (EBT)?
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