Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Tater and Pepper Corp. reported free cash flows for 2021 of $51.1 million and investment in operating capital of $34.1 million. Tater and
Pepper incurred $14.8 million in depreciation expense and paid $25.3 million in taxes on EBIT in 2021.
Calculate Tater and Pepper's 2021 EBIT. (Enter your answer in millions of dollars rounded to 1 decimal place.)
EBIT
million
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Transcribed Image Text:Tater and Pepper Corp. reported free cash flows for 2021 of $51.1 million and investment in operating capital of $34.1 million. Tater and Pepper incurred $14.8 million in depreciation expense and paid $25.3 million in taxes on EBIT in 2021. Calculate Tater and Pepper's 2021 EBIT. (Enter your answer in millions of dollars rounded to 1 decimal place.) EBIT million
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