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2. The revenue is $10,000, the cost of goods sold is $2,000, the selling, general and administrative expenses are $3,000, and depreciation is $1,000. What

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2. The revenue is $10,000, the cost of goods sold is $2,000, the selling, general and administrative expenses are $3,000, and depreciation is $1,000. What is the EBIT? a. $1,000 b. $2,000 c. $3,000 d. $4,000 3. EBIT is $10,000 and interest expense is $4,000. If the tax rate is 30%, what is the net income? a. $3,800 b. $4,200 c. $5,200 d. $8,400

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