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A company has the following information for the year ended December 31, 2022: sales revenue of $500,000, cost of goods sold of $300,000, operating expenses

A company has the following information for the year ended December 31, 2022: sales revenue of $500,000, cost of goods sold of $300,000, operating expenses of $150,000, and interest expense of $20,000. Calculate the operating profit (EBIT) for the company.

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