What was Rao's operating income, or EBIT, in millions

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What was Rao’s operating income, or EBIT, in millions

Rao Construction recently reported $27.00 million of sales, $12.60 million of operating costs other than depreciation, and $3.00 million of depreciation. It had $8.50 million of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%. What was Rao’s operating income, or EBIT, in millions? a. $9.69 b. $12.20 c. $11.40 d. $11.86 e. $9.23

What was Rao’s operating income, or EBIT, in millions

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What was Rao’s operating income, or EBIT, in millions

What was Rao’s operating income, or EBIT, in millions

What was Rao’s operating income, or EBIT, in millions

What was Rao’s operating income, or EBIT, in millions

What was Rao’s operating income, or EBIT, in millions

What was Rao’s operating income, or EBIT, in millions

What was Rao’s operating income, or EBIT, in millions

What was Rao’s operating income, or EBIT, in millions

What was Rao’s operating income, or EBIT, in millions

What was Rao’s operating income, or EBIT, in millions

Best Available Writers