(Answered) Lindley textiles recently reported 12500 of sales 7250 of

Finance

Lindley textiles recently reported 12,500 of sales, 7250 of operating costs other than depreciation, and 1,000 of depreciation. The company had no amortization changes and no non-operating income. It has 8,000 in loans outstanding that carry a 7.5% interest rate and its federal plus state tax rate was 40%.

a. What is the company's EBIT:

b. What is the company's Net Income:

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