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Consider the following income statement and answer the questions that follow:

Sales (100 units) $200

Variable costs ($.80 ea) 80

Fixed Costs 20

EBIT 100

Interest Expense 30

EBT 70

Income tax 24

Net Income 46

a. What is the firm’s Breakeven Point in units?

b. Draw a breakeven chart for this firm.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92370413

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