SlideShare une entreprise Scribd logo
1  sur  1
Télécharger pour lire hors ligne
Rao Construction recently reported $20.50 million of sales, $12.60 million of operating costs
other than depreciation, and $3.00 million of depreciation. It had $8.50 million of bonds
outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%.
What was Rao's operating income, or EBIT, in millions?
Solution

Contenu connexe

Plus de sales113

Read the article Security Controls that Work by Dwayne Melancon.pdf
Read the article  Security Controls that Work by Dwayne Melancon.pdfRead the article  Security Controls that Work by Dwayne Melancon.pdf
Read the article Security Controls that Work by Dwayne Melancon.pdf
sales113
 
Read the article Security Controls that Work by Dwayne Melancon .pdf
Read the article Security Controls that Work by Dwayne Melancon .pdfRead the article Security Controls that Work by Dwayne Melancon .pdf
Read the article Security Controls that Work by Dwayne Melancon .pdf
sales113
 
RatioOptum & CMS Median Ratio Hospital Industry1-99 beds100-19.pdf
RatioOptum & CMS Median Ratio Hospital Industry1-99 beds100-19.pdfRatioOptum & CMS Median Ratio Hospital Industry1-99 beds100-19.pdf
RatioOptum & CMS Median Ratio Hospital Industry1-99 beds100-19.pdf
sales113
 
Railroads were big business in the mid to late 1800s in the United S.pdf
Railroads were big business in the mid to late 1800s in the United S.pdfRailroads were big business in the mid to late 1800s in the United S.pdf
Railroads were big business in the mid to late 1800s in the United S.pdf
sales113
 

Plus de sales113 (15)

Read the article Security Controls that Work by Dwayne Melancon.pdf
Read the article  Security Controls that Work by Dwayne Melancon.pdfRead the article  Security Controls that Work by Dwayne Melancon.pdf
Read the article Security Controls that Work by Dwayne Melancon.pdf
 
Read the article Security Controls that Work by Dwayne Melancon .pdf
Read the article Security Controls that Work by Dwayne Melancon .pdfRead the article Security Controls that Work by Dwayne Melancon .pdf
Read the article Security Controls that Work by Dwayne Melancon .pdf
 
Read Birkinshaw Chapter 6Briefly describe chapter 6 of Reinventing.pdf
Read Birkinshaw Chapter 6Briefly describe chapter 6 of Reinventing.pdfRead Birkinshaw Chapter 6Briefly describe chapter 6 of Reinventing.pdf
Read Birkinshaw Chapter 6Briefly describe chapter 6 of Reinventing.pdf
 
ray has enrolled as a freshman at a university and the probability h.pdf
ray has enrolled as a freshman at a university and the probability h.pdfray has enrolled as a freshman at a university and the probability h.pdf
ray has enrolled as a freshman at a university and the probability h.pdf
 
RatioOptum & CMS Median Ratio Hospital Industry1-99 beds100-19.pdf
RatioOptum & CMS Median Ratio Hospital Industry1-99 beds100-19.pdfRatioOptum & CMS Median Ratio Hospital Industry1-99 beds100-19.pdf
RatioOptum & CMS Median Ratio Hospital Industry1-99 beds100-19.pdf
 
rate of return on total assetsSolutionCalculation ofrate.pdf
rate of return on total assetsSolutionCalculation ofrate.pdfrate of return on total assetsSolutionCalculation ofrate.pdf
rate of return on total assetsSolutionCalculation ofrate.pdf
 
Ralph Murdock found himself in a small group of co-workers at Essin .pdf
Ralph Murdock found himself in a small group of co-workers at Essin .pdfRalph Murdock found himself in a small group of co-workers at Essin .pdf
Ralph Murdock found himself in a small group of co-workers at Essin .pdf
 
Raleigh has $15 bilion in total assets. Its balance sheet shows $2 b.pdf
Raleigh has $15 bilion in total assets. Its balance sheet shows $2 b.pdfRaleigh has $15 bilion in total assets. Its balance sheet shows $2 b.pdf
Raleigh has $15 bilion in total assets. Its balance sheet shows $2 b.pdf
 
Railroads were big business in the mid to late 1800s in the United S.pdf
Railroads were big business in the mid to late 1800s in the United S.pdfRailroads were big business in the mid to late 1800s in the United S.pdf
Railroads were big business in the mid to late 1800s in the United S.pdf
 
Random number A is distributed exponentially with a mean of 4. Rando.pdf
Random number A is distributed exponentially with a mean of 4. Rando.pdfRandom number A is distributed exponentially with a mean of 4. Rando.pdf
Random number A is distributed exponentially with a mean of 4. Rando.pdf
 
Radioactive radium has a half-life of approximately 1599 years. What.pdf
Radioactive radium has a half-life of approximately 1599 years. What.pdfRadioactive radium has a half-life of approximately 1599 years. What.pdf
Radioactive radium has a half-life of approximately 1599 years. What.pdf
 
Radio Station call letters consist of four uppercase letters which m.pdf
Radio Station call letters consist of four uppercase letters which m.pdfRadio Station call letters consist of four uppercase letters which m.pdf
Radio Station call letters consist of four uppercase letters which m.pdf
 
Radioactive iodine , 131I which is frequently used in tracer studies.pdf
Radioactive iodine , 131I which is frequently used in tracer studies.pdfRadioactive iodine , 131I which is frequently used in tracer studies.pdf
Radioactive iodine , 131I which is frequently used in tracer studies.pdf
 
Radio Transmitters and Receivers1. Construct the Colpitts Oscillat.pdf
Radio Transmitters and Receivers1. Construct the Colpitts Oscillat.pdfRadio Transmitters and Receivers1. Construct the Colpitts Oscillat.pdf
Radio Transmitters and Receivers1. Construct the Colpitts Oscillat.pdf
 
r=4sec(theta) Identify the curve by finding a Cartesian equation f.pdf
r=4sec(theta) Identify the curve by finding a Cartesian equation f.pdfr=4sec(theta) Identify the curve by finding a Cartesian equation f.pdf
r=4sec(theta) Identify the curve by finding a Cartesian equation f.pdf
 

Dernier

Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
ciinovamais
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
QucHHunhnh
 

Dernier (20)

Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
 
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptxSKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
 
FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024
 
Spatium Project Simulation student brief
Spatium Project Simulation student briefSpatium Project Simulation student brief
Spatium Project Simulation student brief
 
Unit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxUnit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptx
 
Understanding Accommodations and Modifications
Understanding  Accommodations and ModificationsUnderstanding  Accommodations and Modifications
Understanding Accommodations and Modifications
 
Google Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptxGoogle Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptx
 
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdfUGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
 
Fostering Friendships - Enhancing Social Bonds in the Classroom
Fostering Friendships - Enhancing Social Bonds  in the ClassroomFostering Friendships - Enhancing Social Bonds  in the Classroom
Fostering Friendships - Enhancing Social Bonds in the Classroom
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
Making communications land - Are they received and understood as intended? we...
Making communications land - Are they received and understood as intended? we...Making communications land - Are they received and understood as intended? we...
Making communications land - Are they received and understood as intended? we...
 
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual  Proper...General Principles of Intellectual Property: Concepts of Intellectual  Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
 
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17  How to Extend Models Using Mixin ClassesMixin Classes in Odoo 17  How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The Basics
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
 
How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdf
 
Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning ExhibitSociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibit
 

Rao Construction recently reported $20.50 million of sales, $12.60 m.pdf

  • 1. Rao Construction recently reported $20.50 million of sales, $12.60 million of operating costs other than depreciation, and $3.00 million of depreciation. It had $8.50 million of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%. What was Rao's operating income, or EBIT, in millions? Solution