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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Short-term objectives set by an organization that are aimed at achieving a specific part of a larger strategic plan.

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