A Firm Reports a Net Profit Margin of 10% on Sales

question 83

Multiple Choice

A firm reports a net profit margin of 10% on sales of $3 million when ignoring the effects of financing. If taxes are $200,000, how much is EBIT?

• A) $100,000
• B) $300,000
• C) $500,000
• D)$800,000

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