In: Finance
The Spitfire Model Airplane Company has the following modified income statement ($000) at 100,000 units of production.
Revenue | $18,000 |
Variable Cost | 5,500 |
Fixed Cost | 11200 |
EBIT | $1,300 |
Interest(@10%) | 500 |
EBT | $800 |
Tax (@40%) | 320 |
EAT | $480 |
Number of shares | 20,000 |
CM (to two decimal places) | |
SB/E (to the nearest dollar) | $ |