APPENDIX B
SOLUTIONS TO
SELF-TEST PROBLEMS
Note: Except for Chapter 1, we do not show an answer for ST-1 problems because they are
verbal rather than quantitative in nature.
CHAPTER 1
ST-1 Refer to the marginal glossary definitions or relevant chapter sections to check your responses.
ST-3 a. EBIT $5,000,000
Interest 1,000,000
...


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