2. Bingbing Construction recently reported RM25.50 million of sales, RM10.60 million of operating costs other than depreciation, and RM5.00 million of depreciation. It had RM6.50 million of loan...

2. Bingbing Construction recently reported RM25.50 million of sales, RM10.60 million of operating<br>costs other than depreciation, and RM5.00 million of depreciation. It had RM6.50 million of loan<br>outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%. What<br>was Rao's operating income, or EBIT, in millions?<br>

Extracted text: 2. Bingbing Construction recently reported RM25.50 million of sales, RM10.60 million of operating costs other than depreciation, and RM5.00 million of depreciation. It had RM6.50 million of loan 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?

Jun 07, 2022

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2. Bingbing Construction recently reported RM25.50 million of sales, RM10.60 million of operating costs other than depreciation, and RM5.00 million of depreciation. It had RM6.50 million of loan...

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