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A Firm's Operating Profit Margin Is 20% with an EBIT

Question 78

Multiple Choice

A firm's operating profit margin is 20% with an EBIT of $1.5 million and sales of $5 million.If it has no debt,how much did the firm pay in taxes?

A) $50,000
B) $300,000
C) $350,000
D) $500,000

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