Multiple Choice
Lone Star Plastics has the following data: Assets: $100,000
Profit margin: 6.0%
Tax rate: 40%
Debt ratio: 40.0%
Interest rate: 8.0%
Total asset turnover: 3.0
What is Lone Star's EBIT?
A) $3,200
B) $12,000
C) $18,000
D) $30,000
E) $33,200
Correct Answer:
Verified
Correct Answer:
Verified
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