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A company paid $150 in dividends and $500 in interest over the past year. The company increased retained earnings by $400 and had accounts payable
A company paid $150 in dividends and $500 in interest over the past year. The company increased retained earnings by $400 and had accounts payable of $690. Sales for the year were $16,000 and the tax rate was 30 percent. What was the company's EBIT?
Group of answer choices
$1,050
$1,286
$4,800
$3,750
$1,740
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