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Byren Books Inci recently reported $15 milion of net income. Its E8IT was $32.7 million, and its tax rate was 25%. What was its interest expense? (Hinti Write out ehe headings foe an income statement, and then f in in the known values. Then divide $15 milion of net income by (1−T)=0.75 to find the pretax income. The difference between EUIT and taxable income must be interest expense. Use this same procedure to complete similar problems.) Write out your answer completely. For example, 25 millian should be entered as 25,000,000. Round your answer to the nearest dolar, if necessary. Do not round intermediate calculations.

1 Answer

6 votes

Answer:b

Explanation:b

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User Stefanosn
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