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Prepare the company financial half of its income statement

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Question - BBB company has $54 million of current assets and $58 million of noncurrent assets. It forecasts an EBIT of $10.4 million and pays income taxes at a 35% rate. Short-term bank notes carry a 5% interest rate, and the company can issue long-term bonds at 7%. The company has set a target debt ratio of 45%.

For a maturity mix of 60% current and 40% long-term debt, prepare the company's financial half of its income statement.

Reference no: EM133184386

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