Determine how much was the firm earnings before taxes

Reference no: EM131997179

Question: McCartney Inc. recently reported $15,500 of sales, $8,250 of operating costs other than depreciation, and $1,750 of depreciation. It had $7,500 of bonds outstanding 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)?

Reference no: EM131997179

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