For a company that had net operating income of $51.3 million and operating expenses of $23.6 million, what was the (a) gross income, and (b) earnings before interest and income taxes?
What will be an ideal response?
(a) In $1 million units,
NOI = 51.3 = GI – 23.6
GI = $74.9 ($74.9 million)
(b) EBIT = NOI
= $51.3 million
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