Answer:
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Explanation:
Answer:
a. $12.40
Explanation:
EBIT stands for earnings before interest and taxes; therefore, interest and taxes rates should not be considered. The EBIT is determined as the amount from sales deducted by operating costs and depreciation. The EBIT is:
The answer is alternative a. $12.40.
The action taken by Bill Gates in acquiring the shares of a small software company is called a tender offer.
<h3>What is a tender offer?</h3>
A tender offer is a type of offer given by an investor in respect of purchasing the shares of a public entity at a value within a defined period.
When Bill Gates offered to take over the shares of a small software entity at a cost that can attract the share investors to sell them off in the market. This action of Bill Gates tends to initiate a tender offer for the shareowners of the software entity.
Therefore, the tender offer is the action being taken by the founder of Microsoft company.
Learn more about Bill Gates in the related link:
brainly.com/question/1385934
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