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1. The firm has the following income statement items (in thousands): Sales of P50,250; income tax of P1,744; operating expenses of P10,115; cost of sales

1. The firm has the following income statement items (in thousands): Sales of P50,250; income tax of P1,744; operating expenses of P10,115; cost of sales of P35,025, and interest expense of P750. What is the amount of the firms EBIT?

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