What was ramco operating income

Reference no: EM13300901

Ramco recently reported $30 million of sales, $15 million of operating costs other than depreciation, and $3.00 million of depreciation. It had $9 million of bonds outstanding that carry a 5.0% interest rate, and its federal-plus-state income tax rate was 40%. What was Ramco's operating income, or EBIT, in millions?

Reference no: EM13300901

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