What was its interest expense

Assignment Help Financial Management

Reference no: EM13768896

Molteni Motors Inc. recently reported $3.25 million of net income. Its EBIT was $7.75 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: EM13768896

Questions Cloud

Find the periodic payment : Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r% year compounded m times a year.

Using motivation to improve performance : Motivation is a complex subject, but its understanding and application is central to the success of management and organizational success. Imagine that you have been tasked by the CEO of your organization (current or past) with recommending action..

Present value for various compounding periods : Present Value for Various Compounding Periods-Find the present value of $700 due in the future under each of the following conditions. Round your answers to the nearest cent.

Determine the required down payment percentage and apr : A borrower's credit rating determines the required down payment percentage and APR. For example, a person with an excellent credit rating may make only a 5% down payment with a 3.25% APR loan. A per-son with a fair credit rating will make a 15% do..

What was its interest expense : Molteni Motors Inc. recently reported $3.25 million of net income. Its EBIT was $7.75 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 $..

What is the net present value for this project : Phone home inc. is considering a new 4 year expansion project that requires an initial fixed asset investment of $3 million. The fixed asset will be depreciated straight-line to 0 over it's 4 year tax life, after which time it will have a market valu..

Effective implementation of strategic changes outlined : Consultant who has been employed to advise Phab on the effective implementation of strategic changes outlined in the Case Study.

Expected return-what must expected return on this stock be : A stock has a beta of 1.08, the expected return on the market is 10.2 percent, and the risk-free rate is 4.85 percent.

Determine the down payment and balance of gym membership : You will then calculate cost, annual total, and total due. You will also determine the down payment and balance of gym membership. Your last steps will be to calculate the monthly payment and finalized the workbook.

User Account

All Pages