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QUESTION
The financial data of Danny Company is represented as follow: Assets: R 100 000 Profit margin:0% Tax rate: 40% debit ratio:0% interest rate:0% total...
The financial data of Danny Company is represented as follow:
Assets: R 100 000
Profit margin: 6.0%
Tax rate: 40%
debit ratio: 40.0%
interest rate: 8.0%
total assets turnover:3.0
What are Danny Company's earnings before interest and tax (EBIT)?
