What was the company operating income

Reference no: EM13273441

New Mexico Lumber recently reported that its earnings per share were $ 5 .00. The company has 6 00,000 shares of stock outstanding. The company's interest expense was $ 3 00,000. The corporate tax rate is 40 percent. What was the company's operating income (EBIT).

Reference no: EM13273441

Questions Cloud

What is rollins cost of equity : The firm's marginal tax rate is 40 percent. What is Rollins cost of equity when using the CAPM approach? Express your answer in percentage (without the % sign) and round it to two decimal places.

What is the direction of of the balls impuse : Atennis ball of mass 5.5*10-2and a speed of 39 M/s strikes a wall at a 45 degree angle, what is the direction of of the balls impuse in relation to the wall

What is the spinning rate now : bob whose mass is 36 kg stands at the center of a 200 kg merry-go-round that is spinning at 30 rpm. What is the spinning rate now

Compute the angulat momentum of a frisbee of mass : Compute the linear momentum and angulat momentum of a Frisbee of mass 0.16 kg. if it has a linear speed 0f 2.0 m/s and an angular velocity of 50 rad/s

What was the company operating income : New Mexico Lumber recently reported that its earnings per share were $ 5 .00. The company has 6 00,000 shares of stock outstanding. The company's interest expense was $ 3 00,000. The corporate tax rate is 40 percent. What was the company's operati..

What is the total value of the terminal year non-operating : The firm's marginal tax rate is 40 percent, and the project's cost of capital is 14 percent. What is the total value of the terminal year non-operating cash flows at the end of Year 3? Round it to a whole dollar, and do not include the $ sign.

What is the magnitude of that leaves the system : During a Carnot cycle, in the first process, an ideal gas is expanded isothermally at 500 K. 1,000 J of heat enters the system, What is the magnitude of Q that leaves the system

Ethical behavior solely for the purpose getting publicity : Mega corporation engages in ethical behavior solely for the purpose getting publicity and thereby getting good publicity and increasing profits

Briefly compare the conventional marketing channel : Briefly compare the conventional marketing channel with the vertical marketing system. Be sure to examine the types of VMS that exist, along with the differences between them and their relative strengths and weaknesses.

User Account

All Pages