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what do the results tell you about financing and tax rates
Income Statements EBIT Interest expense Taxable income (EBT) Income tax (10\%) Net income 2,500,000 2,500,0002,500,000 720,000 2,500,000 \begin{tabular}{|r|r|} 540,000 & 720,000 \\ \hline 1,960,000 & 1,780,000 \\ \hline \end{tabular} 250,000 1,764,000196,0001,602,000178,000 Total tollars to investors 2,250,000 1,764,000 1,602,000 Return on Equity 18.75% 29% 27% What do the results tell you about financing and tax rates
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