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1. Financial Statements Calculation: Given the following data from XYZ Corp's Income Statement: Sales: $1,000,000 Cost of Goods Sold (COGS): $700,000 Interest Expense: $50,000 Taxes:
1. Financial Statements Calculation:
Given the following data from XYZ Corp's Income Statement:
- Sales: $1,000,000
- Cost of Goods Sold (COGS): $700,000
- Interest Expense: $50,000
- Taxes: $80,000
Calculate the Earnings Before Interest and Taxes (EBIT).
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