What was its interest expense

Assignment Help Financial Management

Reference no: EM13768242

Molteni Motors Inc. recently reported $3.25 million of net income. Its EBIT was $8 million, and its tax rate was 35%. What was its interest expense? Round your answer to the nearest dollar. Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000.

Reference no: EM13768242

Questions Cloud

What is the taxable equivalent yield : An investor in the 20% Marginal tax bracket is looking at buying Harrisburg, PA notes. The Yield is 4.25% on the notes. What is the Taxable Equivalent Yield?

Write a paper on current trends in education : Write a paper on Current Trends in Education and Themes in Education: Action Research. What topics did you see and read about that lead you toward clarifying a general idea and establishing an area of focus for research?

Annual interest rate and how much needs to be borrowed : Company expects to use $1,600,000 short term credit bus wants a $3, 000, 00 line of credit in case of unexpected events. LIBOR is 4% and the loan is priced at LIBOR plus 2.5% with Commitment fee of 0.3% on the unused portion of the line. Bank also re..

Examine the rates of growth in the service categories : Examine the rates of growth in the service categories (except the category "other"). What trends do you see in the mix of healthcare services used by the US public? What factors might contribute to these trends?

What was its interest expense : Molteni Motors Inc. recently reported $3.25 million of net income. Its EBIT was $8 million, and its tax rate was 35%. What was its interest expense?

Calculate the present value of the retirement benefit : Stan elects to receive his retirement benefit over 10 years at the rate of 2000 per month beginning one month from now. The monthly benefit increases by 5% each year. At an annual nominal interest rate of 6% compounded monthly, calculate the present ..

Annual effective interest rate : The following two investment options are viewed under an annual effective interest rate of i. Investment A is a 10-year zero coupon bond which redeems at par-value 250. Investment B is a perpetuity-immediate paying an annual payment starting with 4 a..

Environmental health-discuss of food borne illnesses : Please discuss the perspective of food borne illnesses in 2015, compared to what they might have been in 50 or even 100 years ago. Be sure to supply your APA formatted sources that inform your remarks.

Economic development status in turkey and ukraine : Affection of the global recession and Inflation in the economy of any country - causes of the global recessions and inflations on the economy of both countries and the affect of the global recessions and inflations on the economy of both countries.

User Account

All Pages