A firm's net profit margin when ignoring the effects of financing is 20% with an EBIT of $1.5 million and sales of $5 million.How much did the firm pay in taxes?
A)$600,000
B)$500,000
C)$400,000
D)$300,000

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The Answer of A firm's net profit margin when ignoring the effects of financing is 20% with an EBIT of $1.5 million and sales of $5 million.How much did the firm pay in taxes?
A)$600,000
B)$500,000
C)$400,000
D)$300,000

A Firm's Net Profit Margin When Ignoring the Effects of Financing