It had 9 million of bonds outstanding that carry a 50, Finance Basics

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It had 9 million of bonds outstanding that carry a 50

Ramco recently reported $30 million of sales, $15 million of operating costs other than depreciation, and $3.00 million of depreciation. It had $9 million of bonds outstanding that carry a 5.0% interest rate, and its federal-plus-state income tax rate was 40%. What was Ramco's operating income, or EBIT, in millions?

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Finance Basics: It had 9 million of bonds outstanding that carry a 50

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Finance Basics: It had 9 million of bonds outstanding that carry a 50

Reference No:- TGS0639594

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Compute operating profit for march and april 2012 using

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: It had 9 million of bonds outstanding that carry a 50

Reference No:- TGS0639594

Recent Questions Asked Finance Basics

Q : Compute operating profit for march and april 2012 using

Q : How would your answer to part a change if at all if the fmv

Q : The motion detector used in a physics lab sends and

Q : What concentration of c2o42- is necessary to begin

Q : It had 9 million of bonds outstanding that carry a 50

Q : On a banked race track the smallest circular path on which

Q : A sealed container with a capacity of exactly 100 ml

Q : An object of mass 26325285 g executes shm with an amplitude

Q : An air-track glider attached to a spring oscillates between

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