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Company ABC, the NI for the first year is $1.5m and the EBIT is $1.6m. In the second year, its sales are $7 million annu
Posted: Sun May 29, 2022 6:26 pm
by answerhappygod
- Company Abc The Ni For The First Year Is 1 5m And The Ebit Is 1 6m In The Second Year Its Sales Are 7 Million Annu 1 (80.88 KiB) Viewed 33 times
Company ABC, the NI for the first year is $1.5m and the EBIT is $1.6m. In the second year, its sales are $7 million annually. The
company's variable costs of sales are 40% of sales, and its fixed costs are $2.4 million. The
company's annual interest expense is $100,000. The amount of taxes paid for this year is $25,000. If we increase its EBIT by 20%, how much will the
company's NI increase?