Byron books inc. recently reported $13 million of net income. its ebit was $20.8 million, and its tax rate was 35%. what was its interest expense?

$0.8million

Explanation:

Net income of any corporation can be calculated as follows:

Net income=EBIT-interest expense-tax expense

Net income=$13 million

Interest expense=?

tax expense=(EBIT- interest expense)*35%=($20.8million- interest expense)*35%

13=20.8-interest expense-($20.8million- interest expense)*35%

13=20.8-interest expense-(7.28-0.35*interest expense)

13=20.8-interest expense-7.28+0.35*interest expense

13=13.52-0.65*interest expense

13-13.52=-0.65*interest expense

-0.52=-0.65*interest expense

interest expense=-0.52/-0.65=$0.8million

the correct answer is - no.

winnipeg, canada, is not further away from the equator than moscow, russia, in fact moscow is the city that is further away from the equator. moscow is on a latitude of 55.7558° north, while winnipeg is on a latitude of 49.8951° north, thus putting moscow by 5.8607° further away from the equator than winnipeg is.

answerall of the above;