What was the firms operating income or ebit

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Reference no: EM131307840

Liquid Metals recently reported $150,000 of sales, $60,000 cost of goods sold, and $35,000 of depreciation. It has outstanding $400,000 of bonds that carry a 6.3% interest rate, and its federal-plus-state income tax rate was 40%. What was the firm's operating income, or EBIT?

Reference no: EM131307840

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