What are the Earnings after tax for the Equity and Debt firm?
A) $240,000
B) $300,000
C) $560,000
D) $0
C
Explanation: C) EAT = EBT - Taxes Payable = $800,000 - $240,000 = $560,000.
Business
A) $240,000
B) $300,000
C) $560,000
D) $0
C
Explanation: C) EAT = EBT - Taxes Payable = $800,000 - $240,000 = $560,000.