CourseLover

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Teaching Since: May 2017
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  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

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    NatSteel Holdings Pte Ltd
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Category > Business & Finance Posted 11 Dec 2017 My Price 10.00

ALPHA DOG biscuits has sale of 61,500

See the image for the original question and correct answer. 

So when I reworked.. 

I took the sales of $61,500 and subtracted the $18,000 costs and $2000 in depreciation, so my EBIT is $41,500.
I take my $41,500 and subtract the $2,500 of interest and get $39,000. 
This is my EBT. I multiple the EBT of $39,000 by tax rate of 33% and get $12,870. 
I subtract the tax number from my EBT and get the net income of $26,130.

Not what I got on the quiz, but not the correct answer either. Where did I go wrong?

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Answers

CourseLover
(12)
Status NEW Posted 11 Dec 2017 06:12 AM My Price 10.00

-----------  ----------- H-----------ell-----------o S-----------ir/-----------Mad-----------am ----------- Th-----------ank----------- yo-----------u f-----------or -----------usi-----------ng -----------our----------- we-----------bsi-----------te -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------ns.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age-----------

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