am staring at the schweser solution and it shows an EBIT (under proportionate consol) of 206. Can anyone explain? I think I’m going crazy
They show EBIT as 206+51= 257. I got 257 working from sales downward, but I think they calculated it as pretax income EPI + .5*pretax JV - Equity in earnings = 206, then add proportionate interest expense 47 + .5*8 to get EBIT.