The firm earnings before interest and taxes

Assignment Help Financial Management

Reference no: EM131990038

Brown Office Supplies recently reported $198,939 of sales, $55,850 cost of goods sold, $13,768 of operating expenses, including salary expenses, rent expenses, and depreciation expenses. It had $9,000 of bonds outstanding that carry a 9.16% interest rate, and its federal-plus-state income tax rate was 40%. How much was the firm's earnings before interest and taxes (EBIT)? Please round your answer to the closest integer without dollar sign.

Reference no: EM131990038

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