Lone Star Plastics Has the Following Data: Assets: $100,000; Profit

question 40

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 assets turnover: 3.0.
What is Lone Star's EBIT?

• A) $ 3,200
• B) $12,000
• C) $18,000
• D) $30,000
• E) $33,200

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Definitions:

Exaggerated Grasping Structures

Physical adaptations in organisms that allow for improved ability to grasp or hold objects, often seen in limbs or appendages.

Social Monogamy

A behavioral strategy where an individual forms a long-term pair bond with another individual, often involving shared parental duties, despite not necessarily being sexually exclusive.

Sexual Monogamy

A mating system in which an individual has only one partner during their lifetime or during a specific breeding season.

Mammal Species

Diverse groups within the class Mammalia, characterized by having warm-blood, fur or hair, and, in females, milk-producing mammary glands.