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Brown Office Supplies recently reported $15000 of sales $9100 of operating costs other than depreciation and $1550 of depreciation It had $8000 of bonds outstanding that carry a 80% interest

Brown Office Supplies recently reported $15,000 of sales, $9,100 of operating costs other than depreciation, and $1,550 of depreciation. It had $8,000 of bonds outstanding that carry a 8.0% interest rate, and its federal-plus-state income tax rate was 40%. How much was the firm's earnings before taxes (EBT)?

 

Apr 13 2020 View more View Less

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