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Homework answers / question archive / A firm's operating profit margin is 20% with an EBIT of $1
A firm's operating profit margin is 20% with an EBIT of $1.5 million and sales of $5 million. If it has no debt, how much did the firm pay in taxes?
|
A. |
$50,000 |
|
B. |
$300,000 |
|
C. |
$350,000 |
|
D. |
$500,000 |
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