Multiple Choice
A firm's net profit margin when ignoring the effects of financing is 20 percent with an EBIT of $1.5 million and sales of $5 million.How much did the firm pay in taxes?
A) $50,000
B) $300,000
C) $350,000
D) $500,000 net profit margin =
Correct Answer:
Verified
Correct Answer:
Verified
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