Bullseye Incs 2013 income statement lists the following inco

Bullseye, Inc.\'s 2013 income statement lists the following income and expenses: Interest expense = $85,000, and net income = $570,000. Taxes reported on the income statement are $245,000 What are the values of EBT and EBIT?

Solution

EBIT(balance)(815000+85000) $900,000 Less:interest (85000) EBT(balance)(570000+245000) $815000 Less:yaxes (245000) Net income $570000
Bullseye, Inc.\'s 2013 income statement lists the following income and expenses: Interest expense = $85,000, and net income = $570,000. Taxes reported on the in

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