4 points 19. In 2019, a company reported a net income of $57,000. They had...
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4 points 19. In 2019, a company reported a net income of $57,000. They had reported earnings before interest and taxes (EBIT) of $150,000. Additionally, we know that the government's tax rate on businesses is 40%. What was their interest expense? * O $55,000 O $7,500 O $95,000 O $70,200 None of the above 4 point 18. Blue Company recently reported $10,500 of sales, $4,000 of operating costs other than depreciation, and $2,500 of depreciation. It had $4,000 of bonds outstanding that carry a 7%interest rate, and its tax rate was 35%. How much was the firm's earnings before taxes and interest (EBIT)? * $ 4,000 O $ 3,720 $ 2,418 O $ 7,418 None of the above 4 points 17. Warner Corp. had a net income during 2018 of $165m, and after paying out dividends to shareholders, retained some of its earnings during in the company. After this transaction, the balance sheet account retained earnings of the company on December 31st 2018 was $840m, and the balance of retained earnings on December 31st 2017 was $700m.The dividend paid to shareholders during the year 2018 was * $20m O $24m $25m O $26m O None of the above
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