The Phillipe Corporation has sales of $4,053, a depreciation expense of $550, EBIT of $723, and...
The Phillipe Corporation has sales of $4,053, a depreciation expense of $550, EBIT of $723, and an interest expense of $302. What is the common size value for earnings before taxes?
Homework Answers
| EBIT | 723 |
| (-) Interest expense | 302 |
| Earnings before taxes | 421 |
| Common size value for earnings before taxes = Earnings before taxes / Sales = 421 / 4053 | 10.4% |
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